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10 THE SUN, TUESDAY, MARCH 2, 1916. KIDDER, PEABQDY & GO. FINANCIAL NEWS NEW YORK STOCK EXCHANGE PRICES. U Ocronshire Si. BOSTON AND COMMENT, Itallrontl mid Other Share., Monday, March 1, 191C. Investment Securities Commercial and Travellers Letters of Credit 17 ur.it ci kEwioRK'S0(',S ,,nr(lcn Fnrtlier find ' ' Thou Knse Off, but Show Firmness. LONDON SENDS IIS OOTD Correspondents of 1 Although Wall Street shares the felRlUn IROTUPRQ Jt Pfl ITfl ' widespread feeling that this particular nillHH , I S v WVI LONDON ti lAmer. It. & Trac. Com & Warrants. Cities Service Com. & Pfd. Cities Service 7', Notes, 1918. Denver Gas & Elec. 5s, 1949. Denver Gas & Elec. G,,, 1917. WiBlamsfDunbar&Cokmas IHMfc VtiHtv Mcurmn .TrtiillsH 60 Hall Mt. I'hone SOMII lUnntrr. M. T. Closinr. IUIt.i U'd, I Ak. I Rt. Sale. 1800 6425 4600 14 00 28 r.3 38 26 92 40 54 112 13 J. K. Rice, Jr. & Co. Will Sell 100 K. Tf. 1111.. Com. Stock , 2 llnmr Tltlr In. nrancc .stork I nil II. M. .In tin. ManilllcC.AI'f.St. I 21) I'hrlli. Dodge A Co. Murk I 1(1(1 Keni'lon I ipc.lall .uc.i stock I 2R Irtnr talking Itnrh. Cum stk. J.K.Rice, Jr. & Co. Phone. 40i)l to 4010 John, 3ilWall St., N V Suggestions for Investors mny be hnd on request A. B. Leach & Co Iniestiuent Securities 149 Broadway, New York Chleaio Philadelphia ItuBlo Boston llaltlmore London Electrical Utility Investments Their ttrrord nnd Proaren SenJ for Booty! BS-299 William P. Bonbright & Co. Incorporated 14 Wall Street, New York Bonds for Investment Itrris, Forbes & C Pin. SlrMt. Comw WIHIaa NEW YORK Benjamin Franlitii says : "Diligence cvertona difficulties." s HEN this Company , cts X as Custodian or ieent of i stage of the war abroad does not fur 1 nlali on occasion for elvln muoh Ire- way to constructive impulses, me nrst stock market session of the new week did not lack firmness. At the outset of trading quoted values started up ward generally, an apparent reflection of the failure of any overwhelmingly bad news to come out over the weeit end. Tho progress of the allied attack In tho Dardanelles balanced the proj ect of the Allies to place an embargo on the shipment of commodities lpto Germany, and comtna; to matters nearer home, the stock market community wemnd a little encouraged tx-causa tho reaction of the Fhatro list woo arrested last week. There was a renewal of foreign sell ing In Canadian Pacific and one or two of the standard domestic stocks, but Ruropean offering of eecurltleH was largely contlned to bonds. The bond department, however, resisted pressuro and displayed a somewhat firmer tone, at least. In sympathy with stock Tho prliuvpal demand for uliaajes of all de.-ortptlons. In fact the bulk of It, s wined to come from sptculatora for the fall, but there 1 a latent optimism whl-h prompts accumulation In periods like this and short coverlna purchases lire not the only ones made nowadays. After a fair all around display of . strength In the forenoon the share 1 Us: shaded In tho afternoon, but It had a tone of underlying tlrmnce,, even though closing prices showed Irregu lar changes. Withal Uiere was no sign of any disposition to take bullish chances with the war situation, what ! with the new blockade plan of the Al lies announced by the Urltl'h Prime Minister, tho diplomatic Issues which continue to engage concern at Wash ington and the apparently desperate character of the spring military cam paign, which has practically begun, The inclination Is to regard tne Dardanelles operations as of favorable portent for values, nnd there Is some Increasing subscription to the Idea that the war lias not many months to run. but Just at the nv ment counsels of prudence aro dorr) nant. I The appearance of Washington re views of the work of the Ions Congress was a gratifying token of the approach ing adjournment if ft body of law- . makers which, however hard and faith fully It haa labored, has not given I satisfaction to business interests. Also tho day brought some encouragement In the developments In the International money market. Continental exchange 1 continued extremely weak, with Italian remittance In a condition of worse I disorder than ever. Sterling was fairly steady, but the principal fea- ture of the financial day was the an- nounced receipt of $750,000 gold direct 1 29 f'3 39 20 93 ...Mil - ri 113 45 .. I 83 25 ' 20 S I 8 l'J, 20 78 80 61 62 109 ,1144 ii9;n:i !6 25 94ft' 97 1 9S 1 94 97 99 2S cit; 03 sis. 97! 87" 64 68 54 31 90 8C 17 48 U.4 33V4 10 84 1R 35 23U 9 40 6 10 20 33 94 183 10C 138 92 1)3'114, 31! 31 HI 4S1 49' 102ll04 18" 19 35 11 r.s 1 ti f.0 i;.4! 33 40 10H 85 194 3GI 24 42 10 21 34 9r. IS.". 107 139 92t4 401 Alaska O M Amnl Copper Am Hoet SuKnr.. Am Can., 100,Am Can pf lOOiAiu Cnr & lOD Atit Car & K pf 200 Am Cotton Oil 100, Am Kxpress. 200 Am Ice filO'Ain Mtiseed Co 200, Am Iocom 100, Am I.ocom pf 2(100 Am HtneltttiK 100 Am StiRnr pf ex dlv.. 1000 Am Tel & Tol 200!Annconiln. 1200 Atch, Top & S ! 400 Atch, Top & S Ko pf.. 100 At Const l.lne 40o!ltnJdvin I.com 7001 Halt & Ohio 100, Halt & Ohio pf 2r.0O,lk'th Steel 700 11 P Goodrich 100IJ1 F Goodrich pf 300 Bklyn Hnpld Trans... lSOO Cal lct fi35 Col Pet pf 8200Can 1'aclflo rx dir.... 2800!Cen Lenther 29 r.3 4 38 26 I 28 29 : 28 r.3, C4l, 53 39 39; 38 26 I 26 26 92 92, 92 40, 40 40 40 112 1J2H!i12V4112 45 I 45 1 4.1. 45, hi 83 S3 83 92 25, 9 20, 78 ! 2r. 9 0 8 02 .1109ll(l9l, 8 20 I 7S 61 25 8 20 7S G2 10D,109 .1119 119119 119 !6 94 97 98 28 64' 68 26 947s 97 9S 28 l 68 20 I mi'.: 97 9S 28 ! 94 97 98 28 1 -' '7 t. RAILROAD AND OTHER BONDS. THE CURB MARKET. THE GRAIN MARKETS. -L 64 I 64 I 76 132 90 4 9 36 12 nr.1 sr. ' 132' 9.1 , 178 110 110l :4 10. 63 25 ' 66 ; 19 10 1 29 11 19 99 10 50' 9- I 12 ' 81, 46' M 64 25 i 66' 19, 10' 30' 11' 49' 101 M' 10: 12 82 47 24! 100'100 18' 18 104 1044 US 119 1 of such returns. Send for our booklet i entitled .. X "Custodianship of Real and Per- X y sonal Property Franklin TruJl Coihpany 'JL Ntw Ytrk Ofiict: 46 Will Street Breeifyn ( 166 Montijue Street Opitiii (569 Tulton Street o.T Real or Personal Property, & a careful record ot income is kept J. rom London by an American steamship in such a way as creatly to facilitate V Two banking firms which have not I ... .- n- V flcured In tho sold movements so far' mc prcparaiunu. iinomc 1 rc- j ollta,n,1(, th,., m,.t. and there an turns. If desired, this Company X indication here that nlthoush sold mlsM will also attend to the preparation y , b" X0. T."tm 3 . ' ' i In txmdnn rather than from the Hank of Knsland the war had not placed such an cmbarso on transfers of cold as had I been supposed The sale of another I pan el of sold by the Hank of Knsland . was taken to foreshadow further shift-I ins to th's city, and while it Is hnrlly 1 kely th.it enoush sold will be Imported to rectify forelsn exchance Its ratlier freer movement Is conducive to ordinary banklns transactions which will Improve the toreln exchange market. As miKht have been expected, the news from the Dardanelles and tho blockade p-isramme of th Allies broke the gniln m. rket Whe.at closed at a loss of al most six cents, with corn nnd oats down J two ami one-nair cents 11 ousnei. inis Is certainly not an unfavorable symptom. We have hold at very hlsh prices nbout ns much exportable sraln ok could be cnr.ldered desirable, and If domestic buyers in the future have a lower price level to reckon with there will be les strain for us at home. Cotton was upset for the same reason, but cotton Is cheap at solns prices and tho outward move ment shown by exports of almost 117, 000 bales for the day Is too big for any sustained weakness. Anions tho Interestlmr returns of rail road earnings for January was the re- , port of the Pennsylvania lines showlr.s 1 a sros decrease, of $2,800,000 and a net 1 decrease of 11.057,000, while the New, York Central Lines reported a rrcs de crease of only $46,000 and a net In- I crease of $703,500 20 150 16 19 76 14'.' 82 I 20t 152 16 19' 76 I 142; 1 1. ' 11! 32 43 45l 91' Metropolitan Trust Co" invite appointment at Trustee, Reg istrar, Transfer Agent, Executor, Ad ministrator, Guardian or Receiver. 49 Wall Street 45 1 92 27' 128 129 47 4S 95 ' 97 5' 117. 117! 7S! INTEREST CHClUTEl) MOSTHL.Y p&ld on accounts subject 10 Check, tipe- lal rates on time certificate, of deposit. t'nlted slater Blortrnue A: Trut t'nmpaiiy. B'w.y At "3.1 St 55 Cedar St. l!Sth . th AV Is 79. 25 ' 26 53 ' 54 101, 102 42' 42 103 104 51 51 1 82 83 66 67 62' 63 97' 98 121 10t 'tit 'si 4 1 1; 150 Ches & Ohio 100 Chi Great Wwt 200 Cht, Mil & St 1 1100 Chi, R I & P nOOIChlno Copper 100!Col Fuel & Iron.... 210'Corn Products lOOlCuhan Am Smtnr. .. 200'Denv Rio Grande 210;D!s)tlllcra' Secur 900 Krlo 200Krlo 1 pf 600!r W Woolworth... 30'Oen Clvcm Co 230 Gen Chem Co pf. ... lOOiGen lClectrlo Co.... 400Ulen Motor 800Grent Xor pf 1100 Great Nor Oro cfa.. 400 OlISKenhelm 150!llllnol Central.. . 2400!In.H Con 1200ilnt Paper 1300'lnt Paper pf 300 Intcr-Met 420 Inter-Mot pf 100 J I Case Men Co pf . . 800 I.ehtKh Valley 100 Loose-Wiles His 1 pf.. 100'I.orillnrd 1300 !,ouls Nn.ih 1300 Max wt'U Motor , 3560' Maxwell Motor 1st pf. 2600 Maxwell Motor 24 pf . . 4600'Mex Pe.t , 100 Miami Copikt 600'Mo, K & T 500 Mo, K A- T pf 3100'Mo I'aciflc , 200 Montana Power 100 Mnntnnn Power pf.... 100 Nat His Co pf 800'Nat Lead 100 N.it K & S 200 Nevada Con 2900 N Y Centrnl 10447 N Y, N II &H 1450IN Y, Ont & W 1100 No- Pacific 200'Paclflc Mall 2760 Ponn It R 200,Pcoples Gas 100jPItt Coal 100'Piillmnn lal Car Co. 100 Ray Cons Copper. . . lOO'Repiibllc Steol 300 Republic. SteeO pf.... 1S200 P.eadlns 40ft Rock Island 400'Rook Island pf 200'Rumely 100 Seaboard A I. 100 Seaboard A I. pf.... 1900'Snu Pacific 200 Southern Ry Co pf . . 2000 Studebaker 300 Stud, baker pf 600tTenn Copper 470'Texas Co , 3700 Third Ave R R 100'Twln City R T 200'1'n Has & P 8300 ln 7'acltlc ox dlv.... 130' I'n Pacific pf ex dir. 400'Un Ry Inv pf 950 V S Rubber 100 I' S Rubber 1st pf. r.4 6.1 32 32 97. 97 87 I 87 17; 17 49 49 68 54 31 97 87 17 4S 68 54 31 97 87 Transaction from Opening to Sltfi P. M. Amrr AerevSs PrlAIIud rv s Or Sh I. file 4s 70nn..1oa anno .. n Hla 1000. Hlin Am Hide A I, Us Detroit Un 4!,s Par Toast 1st noon. I oaia lono. 71 looo. .n AmTATrv 4's Inoo. , 7()7B l'nc of Mo ts in.inn. . U7?n' siioo 701a l).ai..H(l Soon. ...1IHI4 4non. .7fl?H 1'ieTelA.TrlSs AnT&TelUs ri.2n 7(irH Jwki uIh sonn. . .HHI4 r.ono. .,1 1 r.non. .11 T 1 a Armour 4's Dlsllllrs Seciir-! Innn .. II70H TOno. HO.I HlrsCorn 'rt Prnns4'isM ATit.ll'ff I. innn . .ft I It1 vrhrn U.ne.l 500(1 (14 Is 4ono rtl r.sooo .lo:t:1ii lnno Iiiil'ont4i'Js 1'a rv 3's tois K?i,.rMls innoo. . H7I3 5non 1(1(1 ! 15000.. t)4l Trie 1st eon 4s no i ATASl'ens moo HS Mrlllsnl is 1 4noo. II 1 14 i:rle ifn 4s inonn .Km . lf3i)..ll 1 IIKruai ilrt I'iiliScrv.N.1 f.s 1 son... HM4 tnno . nil I 1000. HK 1 Si(io... 11 1 lj r.tf 4ih r.M Msv Ton Copes 1 AT Sl'ndl 4s KMinvnl 00W lnno. I of, 1000. .si lin.i am Mk f.s :oon io4Ib stsnine.l I Series A tlrn.llur ctn 4 4(1(10 HI 7' 4000 . .7rt 1 .'looo .11 I la i ......I . .n j j 11 1. phi n..rn ;i. urp lar, iui"; AtCosstLlne4 loon . iiliis f.onn . (1:1 4IXKW, .It I.I4 Inill.nn Steel .Is IttodrandeW 4s inoo 11 I , loon ihiIu inoo , 7 1 !IA(lcV4'ls , Irif Cons Top cv S1I.& Iron M (is 2.'.(nii ...h; r HU3 I loio.'O (IHIj 2(hvi . Ha7' :non I OOlj St 1, A Iron Ml 100(1. . Mil 10000. 100.14I lllv A (llllf IS P.ilt A O I1 1. P. 191 n I lono ..H7I AWVais , Tnno . n Riq Stt.ASnnl"r Mi loon. SO tnnno HHI41 ,tf latnp'd Ilslt AOhlo.Tjs .1(1(10. IIHTs K100.1 ii'j .'.coo 111 lnooo (iMij.seiiumrdAI.4s stmnpeil Prices Improved all around In the 1 II Ik Slump In All Vnlnes I'olltl curb market j-estenlny on a moderato 1 ,.nt Ailslren IllTiTllTe. volume of dealings. United Protlt Shar- ! Anothor drastic lowcrlns of wheat Ins, now, was the most active of the ' values was seen esterday. Tho llnuldn- Whelnn Issues nnd moved nn to 3. Hon was or. an imern.monai uiiaiv.-.. 1. Kelly Sprlnsfleld Tire was ntroni?, ad vanclns 3 points. Activity In the oil croup Incrensed and quotations were nenerally higher. Standard Oil of California rose to 301, but subsequently reacted to 295, off .1 points. Atlantic lleflnlns pnlned 5 tsdnts. Btandard Oil of Now York ad- Selling orders from abro.nl emphasized the Importation of tho political news, al though it would seem only fair to take cognizance of tho fresh export transac tions In making deductions!. Tho market did not recover In a decisive way, how ever, ilej-pltu the export takings of ap proximately 1,200,000 bushels. Values slumped to tho lowest basis of the move ment. lolti!i live to seven edits for the vanced 2 points and Prairie Pipe l.lne ' day and dlsil olt'g declines of from 22 to closed 6 points higher at 147. Mining Issues wero active In spots and higher Romls wore neglected, there being no dealings In Western Pacific 6s, which ore quoted flat. Trnsactlons In detail on the market yesterday were as follows; 25 cents finm the about a month ago. best level reached I Price changes were GOSSIP OF WALL STREET. W 1st hi 11 ir Wilt Influence., How far the dtcluratlnn by the Al m of a blockndo of ilotiiiany, AtiMr.a ,m, Turkey nnd tho retaliatory measures of Germany will disturb the gtr.ii e port trade, which has been the turcr"' factor of financial salvation f 1 ' country In tho crisis, can only b pai-t Judfjed, Apparently the Mock n. hot, from Its notion 10sterd.1v, rn, over consideration of this faot .r iy International situation in favor o' ti more distant but bigger effect of t,. slblo early pe.ioo, foieshadowed In ih Dardanelles successes. An an Immediate Influence upon ness uffalrs In tho I'nlted Htntcs, !i, n ever, tho export sltllit.oii lis It u,; I,.. nrtoctcd by the declaration or ye'ei ng.iln very mm tic nnd nt times the mar-l tiay will make IKelf felt. The dc I, 17. ,J154,155;153! f 1 y f A r f not 23l 23 9, 9: 40 1 40 k 6 6l 10 10' 21 20. 33 33 95 1 9.1 , 182 180 106ll06 139 '139 92' 92 114 1113 48 154 33 40 10 84 19 j -35! 23, 9 40 I 6 20 33 8 31 31 33 40 40 40 10 10 10 85 85l 84 19 19 18 36 I 36 I 35 23 0 40 ..I 6 10 .. 21 .. 33 .. 9.1 .. 180 ..'106 ..139 .. 92 limi' ..' 31' 311 31i 31 ..." 49' 49' 49' 49! 103 1103 ,103 .103 ' is! 19! is! is! 9 I 8 36! 35 I 12 12 56 1 r.r. .1 8 3.1 12 56 ?7 182 )06 139 92 V, U3! 8 1 1 1 (HMI N O Sritid Al. rrf Is looo 117 r.000.. (Id Seshd A I, Adl unit , (till I .inoo. . (Hi 1 a 1000... nnos irno...,piUa , fmno.Hi nnaa 4000. ...IHII j So Purine rr 4. Oil 13 l.inoo. .HI , 14 Sol'srtfle tr f 4s , .tiKia linoo Hh ronn . .H4I4 Jl32 132132!132 , 90 90 90, 90 17S '178 'ITS !l7S 110 1 63' 2.1' 67 19! 10 31 ' 12' 4H,' 99 110 110 1110 !P 2 is: 64i' 63 25 67 19l 10 31 I 12 I n 994! 12 65 19; 10 30 11' 4 99 too 1 IlnltAOMVIvV Intrrti It T rrf ! .'n-.M..HH ' :.s 10C1 Iieth HH Me 5s' Ifmo. . ..(I 77H' I 1011.1 .us 1 anno 11 H 1 11 H T r.s mis riono . i77 ' .1(100 II lifts1 4(100 II H IdO". una. Minn 0 77s Illn Un PI 1st lntertKiro Met SollrllTATls .1000 I11014 oltruit4s f.ono. .. OH Oil (!s A I; t. 200H 7 4 fa So Puclfieev Ss aooo .. 11 a 11000 . 74?H inoo. .ihioh liiinj 1(14 .1.1110 .(..14 looo.. na Inter Paper Us Csro Clinch looo.. IOO lleldAOhloM low.i Cent 4 1(1000 . til I. la 4010. fen Ills Tel is , enoo. . rttt noon phi a 1 noo Cen Leathrr &s inoo 10(1(1 loon Cent Pacific 1st Jsp4'sOerra'n'5isii50..H4l8 .7t":'u. Mil stampro 4000 H414 1.1000 .. hills .KH0.M..74 'rinioOO H4U , 2WI10CO. Hit In :0()0 7 41a tnftn.. 1. . H 4 1 H ls3l. Mil 1 4 :o101 7 4 J.'Oro.M. .S4I4 (no.M..H(iis oi 74 1000 H.Hl Kr.iisM sit inoo 7414 niae SP ter 4s biK!0..KlllH K"l0Ol 7414 i'7(iOJ..7S Unoo Hi.ly ItsnntySrrfM 2vnin 7H K?0 S.lls ,100(1 HH'll looo 7Hls' Chrs AfMis I.arkStl C. irc.1 "noo 7H 2IKIO HHIs '.'S'O OO 4.IOO 77.14 C A O CV 4' j. IS t MS 4. till 2(on 7 H I 200.) to ,ioni 10 Southern Ite Vi inoo 7 0I4 t tr-rtt A .M 5s sooo !)Hi4 4uoo TO' a I Hid IOOU So Hwy gm 4s Cli A O Joint 4. LouAN Stt. 1st tooti .11:114 1 loom) 'i.IIh 5k.'i1i)7 1 mno fi:t!s inoo 11 ai.j LAN Atl Knoi rnio r. Ha noon . (Ifi.lM. A Ctn I. Tf las Co rv f,s tfnoo HII4, 1000 . H HI a 4(100 11s Chi IIAO Is f" Mllw Oss 1st 1. Third .v ret 4s roiKVoi naip 1000 11114 roon . siia C II A V Sell 4. .Minn A St t. 4s Third Av sdl S. 5fnOi.,t4iiM r.omi . .1.11s conn HOI4 r,..K?n m i! 7000 rt.'i ! ioimi sola Cht A i:ast 1115s MoKn.nATei 4s 70,1,1 ..HOIs looo i.:tlj soon 7 7U Trl cityllAI 5s 4000 0:1 l.o.i 7 7 ' 2000 (i ilia inooo ti:Ha lt Pecire eon t'nlon I'arlfle is Chi MIlAtlMiil 2000 .1(1(1 1Iii..II40s C&l'W&s 1 :i"s) IKiis inoo . 11.1 :.lffllll:l 400O 'irt'H. 200(1 H47Hi 4rfOll0i27s .Mo Pae 5s 1017 InllltSanr fde r i m. .iiai... 11.,. .1 .1 I 1.. 1 - 1 ... wnrn it.'jeii .Moni rorr s. 1 s s. nem t "s, I 1.17PO0 lOOls loon 1) 1 1 looi 10 mi 25 .1 ft Rales, "4"l Atlanta 17") lllnebell 4 Itlue Hull 3'hi flrden Copper. . to) Unite New York. i 1 Cnnidi Copter.. l' ".I Florence f.1 Km field Hill Copper 3 1 IW Coldfletd Cons ...1 M6 I:0 Ooldflrld Merirer 20 Open- ltlcrt- Ijow. Clos. Inr e. e. Int 27H 2f 27 4 3 1", f.1 3 ic M 3 is 4 1 t '4 ir. ti; 1, 1 31C 10S 1 1 4- 1 !ll 63 25 . ' 1. Ul 1 lto Houston Oil 10 1 M Inter Itubber ... 7 7 7 lejno Jutnbo Ext K n M 7 KsI-Sd Tir 107 101 107 110 Kebdpr T 1 pf.... HUM M Kel-9p Tire t pt..l m 120 2700 Kewanas IS Id 14 lfrt) Lone Star : 4 101 '.MeK-D-S M Co.. 43 43 43 73 Nat Cloak A Salt CtU Cl4 Hi W. Nat Cloak a S pi II V, 200 Nevada Hills.... 11 M 21 IS") 0ro 3 t 1 rmo lllker-Hrr Corp. '4 6' iK 1M Stand Sll I-ead... H. 1U 1'i 4'00 Stenrt 1; 1 1S1S i; 2J) Sterlinr num...., .13 3 ICM Tonnpah Merirer S3 3 37 100 Ton .Mln ol Nov . S 'S ; Jfwo Tularin 3-11 3-11 f-5i 20") ttn Clf St new... 9 si, UUi Un Pr Sh nrw 3 Ml 3U 3 1 15 ion West Fnd Con.... SI ti ti lfffl WrM Knd Ext . . 2 3 2 120 World Film 4; 41; 44 STAND AJ ID On, SUIWIDIAniE? ke was Hiilllclcntly sensitive to fluctuate more than a cent a bushel on onicra or llttlo more than lOO.Ono bushels. Tho bulk of the f-clllni; pressure was ascribed primarily to the Dardanelles advices. Further progress Ivas madn In forcing a passage, according to the cabled reports, and fears of an outpour Inn of Russian grain during the summer explained tho liicrcasul disposition nn tho part of many ho'dcrs of actual wheat and wheat ronti.icls to release! their commitments. 'Horn again ap. 3 K.i prnied to bo moru than tho usual bear 1, effort. Authorities wr.o avorrofi in.u 21 , thero would not be any wheat liberated 10'A 1 from Russia In time to oaso materially tho strain on the American 01a crop por tion found many who hold opposite views. This dlvergenco of opinion In It self attested a less bullish fcellns In tho trnde. Authentic reporti to the effect that the Allies Intended to prohibit shipments lion apparently means that thrrt, w i be no recession by the Allies ftnrn tie position of aggressive ctittlm; off nf Germany's connections with the e'it side world either In response to 'ha compromise suggestions from this (I v Turnout or for any other reason 'J'la dcllcato position of American commo In tho active war zono region, then-fin., and the consequences nf ilip.. .it'e runiplli ntlonn over national rig its r. Milled from o-io sldo of a sru.mon ! at ireelits Hcrlon.s ronslderat.ons. I'.s ports A fleeted The practical side 103 34 121 II 7 43 eiu M S3 f Vi ! 1 13-ts 3 37 ( 12 liy HlncUnde, of this question concerns Itnelf with the extent of ths commeroe that may be expected to be Internipted. The first Item Is cotton to Germany. This Is practically the only commodity Oormany hns been dlre-tlv Importing from here. During Jnnuarv Germany took over two-thlrdi of Into Germany or departures from that mtton exported from New York nnd I 19: 10 30) ni 49 99' 122 ' 51; 10 12' SI', 46! 21 I 49! 51' 49 10 10 10 12U' l'Mi, i"u ... 82' S2! Sl ... 4.1 ' 47 45 ...I 23 24! 23U . ..!ioo, 101 !ioot.; ioo4' ....I 1S! 1S7J 1R3, is! ...:io:is.iinit, 'm.ifs. iniui ...tll8 HS'USts nsi, , ..J 20 I 20 '20 ' 20 ...151 '151 151 111 ..." 16a; lMHi ' lflsil i.;s; 19'. I 19'. 19'.' 19'i . ..' 76' 76 75 754' 142 113 1424 112' 1 1 1 11 -4- 1 . 11 . 32 . 82 43 1 .; 45; .'93 .! 2s- ' .!l2S ' 47 95' ! 1' ! 1 1 24000'r S Stool. 7 30 6 J' 6i 600 I S Steel pf 1950 I'tnh Copper 100 Wabash lOO'WelU I-irgo Kxp 200'WostlnphoUHo Kloc 800 West I'n Tel 800 Willys Overland 11, 11 ll 32 '32 1 82 82 ' 82' 13 '13 43 I 46 , 45 4.1U 9.1 1 92 923, 2? 27 12S 1127 48! 47 9.1';' 9.1 5 5, r. 117 m'ii7 79 79 ' 79 26 I "it I "S 53' 53' .13' 537A. 102;i02'ni2,102 42 43 1 42' 42 103'104 103 101 02 t 02' 51 01 l l 65 85 85 66 661' 66 fi'v, ' flit1 con,. I 9! 97 96! - 1 ' 27 128 ' 48 I I 9.1! 1 .1 117 4- 1 ' 1 85 66 63 97 Total ealci to-day, 157,820 shares. Borne day 1914, 98,2.11 fthareis 1 to date. 10.222,124 shares. Same period 1914, 16,649,501 rharvs. Where a "c" follows a quotation It Indicated a bid or offer for 10 .sharer). BID AND ASKED PRICES. -(- i 200.) I HOI 4 370(1.' '1 1 1 j PS HraltyAI 5s umii . 11111 in jinms.xi.. .1-5. je..i 1 a 2f.irsl .IOOI4 101,1 MUs looo 7 41s CMAM'irm I'-s WAIrllrkrvr.. lono 741a 2ihk) 100.I4 2..im DO inoo 74.(4 CANW gni its .V Y en deb Ss vino 7 4ia oertlnrnios 1 whenl.ui1 ,L Iluhhrr f. 10,10 iola 270oo in 1 la f.ono niaij C A N W c m 4. 12...00 1 11 1 'si t s -.trr! sf ;.. tsmpr.l Ncity4'-4sr.i 1000. . I nni. inoo . uaia l"i".i .i4i 1000 10014 1 1 anw stl. Pro mi itvi'.siooo sooo tools, I A- N V 5s .lomi .) ( I. .15000 1 00 ! inoo o4la NS city 4'.s (li.VaosliliACo ett I rxU' ,i.i nr.. tii.ti. .in., inin u 1 I 2000 I O I la NYMIAIlcvfs IOOO ,1S13 Chi lljs lit 5s 21'XH) I O.I 1000 .V, 3000 (I lll.j NY Ml Alt .1'JS Vn CaroC 1st I l,ni l.i.ll KH l,tv) n". 'in enTrcif. 201i na 1 coon Sll fiooo o M Uy. nill J 2ioo S3 Inooo 1 11I4 1200.1 ft.'l V.ilr.inCAf V fhlHIAl'Hv5s Nnrthl'arlile 41 1"0) .HAly looo ft.t 2T(W snij 4(ion Hf ChlHIAPItyis 1 0.KH1 sp i4,V.i Hwi- 5 1100.1 sa nKa)..s')i j 3i.i n7?R ChlltIAl'rrf4i '.000 Hiis, Malia-.h 1st :iFiioi ' 2.10,120 H')( :i.ioi 011 000 hi ;iioi) mi) r.l.iv!0 11.1 MlAl.,sfllv 2IK10 (1.1 .,1'S ty'.l 14 SI,K20 II (HI.Kil Hl7s 1IMHI OS 11 M'.ll Chi AW Ind c;n NorihPacllo .1. 100.1 1 dill t S..'lsj.l (i'J rire Mi 1.4'is icon nal inoo 11 a in.xi.2.) 11 a ColoSo nt I'ts IOOO na 2(1.20 Si 1'o.w.O na Con Casrv es 2.M100 .i .' rrt. full p1 Ont Power 12(11.1 1 1 a 4'wii ' 1 .1 C-Jhin.-rt OrA.Cal!t5s 1111)1 IIO.I.-M III). It IWnoi pala 11000 11 H '1 WC.supADul is CumhTelts Or K.illANav (s 1U00 .M4.I4 loot) 110.14 umioj HSIg 'I riin-ivrttnn. from J:I3 1. .11, to Clfi.lnt. 1 AmTATcvi'j. msi 1 oois Prnns 4'is no 4000 PHr4 f,noo I OO.is whnlMie.l A T A S I CI 4. 10000 IOOI4 7'1'ID H-.1 i'i Chi A N W 3'js P-d. 1,- srcorp 1 f.OOil l)4la I04KI. . s 1 nf N J :,. J AT A SI" pen 4. Chi K1APIIK 4 .l-.n'l HS I 2i's2i III OnTri-tf' Ilai 1 'on Can As .vmsTO .11 1 Is liwo U(l ' 2(100 I 1 ) 4 I -a I nun 1 I Chi MIA Plly 4s KradlnR cm 4. AT A sK.ulJ 4 innoo mI.i4 i.iiio ')ll7 K.nnprd .I" 0 sa Itl'ii.rnndeW is Soon H al j Clu So nt 4S M.n,20 711 1 1 1. 111 m;i .1..K.-U 701a Cmnli Tel 5. ,Slhi A I, aill 1O0.I II (in. 200(1 (1(1 Erie 1th est Si I'vlf.r rr : 'JHS201 00.1s Io.m 111 h Interb It r ref hol'arlfle rrf s , r laos r..i .'.i s 4 MM.) 0 8 Third A sill Is Ini AN "-ti, ... 1200-1 Kills f..,K2.i IMI4 t nlon Pacific 4. Mo Pac cv .'.s 1 loon '14;. IOOO 4 4 14 ,1M,N2C) llls, I 'S 'ai rv is 1 17W Anglo-American . .. !4 12 Allarrtle UeflLlnir . 4r. 6 buckeye 1' Linn. 110 2S nilnoia Pip Mm . 110 in In-liana r Line... . 97 A National Transit .. 33 20:. Ohio Oil 13.1 425 Plcre Oil new :r,i! (ft lra2rle O 4 0 221 12" pratr P Line w 1. .. ill 1 South IVnn Oil :ci 2T. S W Pa Pipe Line .. 115 SM Stnnd Oil of CM.. .. .Kit 10 stand Oil of Ind. . . 4: 10 Stand 0(1 of Kan. .. 310 30 Stand Oil of N J. . 35: 1M Stand Oil of N T . IV, 4 Stand Oil of Ohio . 4jr, 13 Sn A Flnrh 13") 7f Union Tank Line. .. sr. BOND? IIW0 N T Cent rts .... 3-If t-ll Ml cent pr share 13'4 C42 110 127 S7 ti 130 14 220 142 20 115 2M ts. 335 310 IS'. 42f. 12? 'I . 34 r.j 1 :J mi I 34". lie 131 I CURB STOCKS CLOSING. Yesterday. Hid. Aalie.1. Ritnrrtay. Pld. Asked. Aiii!,h ext 41 .m.., a4ij 1 ulr.i's.til VH1 . .1 ln Maryld .(Kill U. ronn .n.l 1 1 V A Pa cm , i(,.i2o. . 7 ,1 lixX-l. . 7 ') Vr.t shor 49 1 20110 . I) OU We.ll El rv 5l 1000 III) 2001) Hi) 7s 401.) Ill) nrsiten Cop.. Uritl.h Am Too Ord Jur-bn Eiten.lm.. Krrr ljVr I a Ho.e . I-rMeh Valley Coil .Manhattan Transit Marconi of Am National Hoik A Suit Nat Cloak A Suit pf . Nlplfslnj Mine... Tnharco Prod pf KnltrdriiSnew Yukun Gold.. . f.'l 4. IS 4I s i:4 .33 4S 'el 21. Prnrten Copper Bs NY Central rts N Y State is w I Western ParlSc 5s 51 05 5. 01 0 31 PONDS, 112 '1 lOHi 20 11 1 1.10 1. 2-i 52 fit 03 2. 147 '( iaii ?0', i. if; 21, f.i us 6j 91 A 3H 143 4 103l 31V conntrj'i thus declaring nn nhsolute em bargo, wero instrumental in the ue presslon of tho various wheat markets. As far as Is known the recent Importa tions of grain Into Germany and Austria wero virtually nil. although during the fore part of the seison It was strongly suspected thnt fooistilffs and other es sentials wero finding buyers Identified with thn.e nations. Somo Intere.ts feared that the radlc.il measures now being taken In the war would add to the menacis hanging over ocean transportation. Further Inter ference with shipping would really be regarded as more vital to the present grnln holder than the latest embargo declaration. Some attention was given to the farm reserve report of Crop Hxpert Snow In which be gives the quantity on farmH at lC9.oon,noo bushels ngalnst 166.000,000 on March 1. 1914. Snow says that the amount of wheat remain ing for export and for the carryover on July 1 Is only 5."i,0or.ono hm-hels. Tho Goiernment farm reserve llgures will appear early next weol and aro not likely to reach the Snow- estimate, but the comparison for last oar will be 151.000. 000 bush. Is (ither stalls, tics of the day Included a vl-'bio supply showing of .".0,000 000 bu.hrls asniiit 52,000,000 a week ngo and f.Mnn.uoo last year. There were cleir.inces of 1.600,000 lms'iels and predlcons of continued large exports, aMuming that shipping conditions grow no worse. An nllloi.il report from India stat ing thnt exports fr. m that ruuntrv would be prohibited If the demand cause 1 values to ri-o above the equiva lent of 1 30 a hushtl was read wttlt interest. The Government In that coun try has taken this nethm to preclude nbnermal speculation and ullny fears of tlo- peviple. Corn The war advices and the downward plunge of wheat values In duced a great deal of liquidation and other Felling In the corn list during the day This pret-sure did not abate materially at anv Mage Some em phatic mwrtlon that there was 11 lib eral expert business did tio check tti Inelln ill-ill to Hell Country r-M.is have Irnproied. and them have bis-n In:1 tii'itlons of 'lightened .ountry holders of corn, although the majority of rf.Kn.l.hM f ,(U.I .n .. . . 1 1. ...... ... 1 " .v..-.iii.r-.i ... ewK.-r.i n--ivv 1 eeir.ng of 131 It' 22S 147 :m 115 2y, 47 335 312 14 425 l.-o ft, 111 an is .34 4' 214 55 f.74 OK. 2'i 103U 32 STANDARD OIL QUOTATIONS. u v : Janu.iry THE COPPER MARKET. In SHORT TERM NOTES. Demand Improves Derrense llrltlsU .Supply. There was a better feeling In coppr circles yesterday than had been noted for a week. This wjs duo to Improve, ment In demand, bar. d chlffly on foreign utatlhtlcs, which showed a decrease In slocks and visible supply of copper at points In Great lirltaln. Thero were sales of electrolytic at 14 cents a pound for home account It also developed that the United Metals Scllln,, Company had raised Its price for domestic delivery to 15 cents a pound, but so far ns could bo learned last night no other agency had advanced beyond the 14 cent level, It was stated In the trade that tho United Metals agency w.im able to ral'e Its price hero on ucrount of big actual or pending salon effected through Its London olllce. This was understood to be In 'he neighborhood of at lean 50.. 000,000 pound).. Attention was cilled by some of the producers to the fact that with metal available In London nt 69 10a. the Kng llsh consumers were able to go' eoppu much cheaper than could the domeo'lc ustrs, who were forced to pay 14 cents to producers other than tho Amalga mated, which had raised Its quotation to 15 centH a pound Tho storks of copper as reported yes terday in Ijondnn were down 092 tons 011 March 1, while visible nipply nt ware, ouse points and afloat w,i off 1,192 tons. The American Smelting and rtcfintng Company raised Its lead quotation from 3.85 to 3,90 cents a pound. This action followed sales by Independents last week nt 3.93 cents. There was a brisk domes tic Inquiry Bpolteir demand wns good. Russia has been buying heavily of this rneta' 11M ern prime brands weio quoted at nboir 10 cents a pound. Closing prices of 111,1. Asked. J Ad.1m1.Ex. 80 hi AlltsChal. s I" AlChal pf 3d ..i 111 1.11 H71 K AmAirChm. 4S; Am,u n pr mi AmlirShoe. H7( AmllSh pf.. A111II1.S pf.. S4 A mill pr stocks In which there Hid Aaked. were Int. Security. Itnte. Pay, Due. I!d.OfJr.Y!cld. ATATSC,, B A O Apr. 1,'ta 100'i 1001), 4 41 .5 M-.H Mar. I.U7 m' 4VjJ-n June 1,'15 1(1! 100 ft J-D June ll,,l.1 lOUtt 100'i 5 J-J July 111 Wi mn J-D June 1,'t1 MH 90'f M-S Sept M-N .May A-O Apr. A-O Oct. i A-O Apr. AnCopC HAOItlt,, IlithSt. HklynllT. 5 ChcAOItU.5 ChAWIItlt 5 Coni'Co... . Erlcltlt.. r. r.rl-HH . 3 Erleltlt. nenlllbCn,4 J-J July HIIAPItCo..-. M-N May IlockYal. a M-N Nov. I.ti.Mliro ..0 A-O Apr l.SAMSttll. l.SAMSItlt.:, I.SAMSIlIt.5 MlnCr.lCn..a NEVavCo a NV( Alllt. 5 m cviin NVCAHIt :i5 iron 1001 1.'17 ()7' Oil 1,'IS IOOU 100! 115 100i 1001 117 fil'ii 07i I, '15 loniimif 6.30 3 no 3.23 3 01 " 73 4.49 6.50 2.(0 3.13 a f.i 3 70 ArnCo.ill'rd 800 Ami'l'rpf..107c AinCiUO pf lis AtnllAI 4'j AmllM. pf SfA, Aml.InO pf 26 AniSAlt pf.U) AmSAlliifll -AmSnurf. 143 AmSimf! pfloa AniStHMy.. 2H AniSuuar !(') AniTelAC 67'j AmToll... 224 AtnTol) pf.,1ll AlllWoICo . in AlllWCopf. 77!i AnnArtior - -AnArl) pf Asnrain.-n. 1.M6 0714 M'4 K ""1 AsMeripf " 1I6 torn,' 101H 4.25 ' lialilbo pf'.'. - on; a.m Iiatonllas.., 1 1.1 h..i. lic ein reoK so 3 on Dasls it-,i,u.i , iniif Itlinl eff.H 1?'. 1,'IH 07 June IO.M.'. 3 .11 Sept. 1,'IS loo'n 1oni; 3 43 Illnil n(.'B.125 .7-11 Pen. I.MSlooii.ninon.jS (101 brunsTer 4H 1,-is W, 100 .oo I " 117 K2 Wf D.tfll Illlfll&P l.'ts inot lmif 3 on liuttrrkCo., .l-D June M-N May 5 A (1 Apr. M-N May 5 M-S Sept M'CHIlt, 3 A-O Oct. NYNMAII 1 M-N May 1'altnrnv. 314 J-D Oct. SollyCo.. f. .SoHyCo.. 5 I'nl'niltCo.a WrstPow..,, WSIlAKCo.A F-A 1'eb, M-S Mar. M-N .May J-J July A-O Oct, 20 ...,nU.....t. KMl 115 100loai4' 2 7H 1 (jViiof.Vj; 1316 1004 inon3 aa ' CAS Tel.. 1150 116 10014 ioih -i.ro r.'.VK?.,,i"10,M . ... ( hIAAIton, - 111 C7'i PSIJ 11,00,, 'MScM pf.. 11 115 100 K(, 3.33 ChKltWpf, 27H lM 014 01 6 20 DIM?.1,',!''" 117 101J4. 101 6. 35 115 00U tmi 8,fO 117 OS d"( 7.00 RAILWAY EQUIPMENT BONDS. (The fnllowtne ITFTY YEARS IN SUB-TREASURY Xrro nmplnyees lloniireil on Their Joint .4 mil vrrsiiry, James Smith nnd Hobert C. Hnff, em. tjfoyeee at the Hub-Tie uuiry since isr.r,, io!obratsl Ihoir llftietii annuel sirv In the wivloe of the Treasury I lop 1 1 1'neiil yeeterdiy Mr Sin lb i in i leirgo of tint Treasury aeemiins, wmlo Mr M ill, wno ivns former y 1 bud o, the 11 . a 4 coin dlv M. in. in now 01 b.irpn nf Mi" coupon doiarlnii'iit Hoth were reolpionis of so'id grid nhtrt set from lluiir co-workers m Uub-Treasury. are quoted nuns.) Name. Hatutlty Atlantic Coast Line .. inn 21 lliittlmnrr A Olilo. . Ilufliilo, Hoi-li A Pills Cnnadliin I'lti'lric.. ( Ill -IpClUe a Olilo ( liii'.igii A Niirlliw'n Cllll'.ll-n, llld, A I,nll4.ll -2.1 Clllr.lgo, St I.. A N'.O. IIII5 24 C C. t . A St. Louis In Inwurc A Hudson l.rle liallroad lloeUlns Valley.. Illinois Central .. l.ntK Hie A Nashville, 1014 21 Mo , hnnsiiH A Texas, mil -31 Missouri Parllr ., . mil 23 N V Central Lines . KII5-2S Norlillk A Vi'e.terll. I'UVJI N 1 , V II A II . 1115 21 Pi f.en I'nU'ht lull 21 t I . 1 it A '(until I'll! 21 Mnl.11,1 it AK Line I'll! :. 'mithern HiillHay , 11 1 4 2 1 t(, j Southern Pacific,, I3H-23 Vlrclnlan Hallway, HH-19 1014 31 I'll! 3'! 1(115-21 1U11-17 1U14-2J 1HI5-20 ,.1'I2J 1111-21 11114-2.1 .1014-21 n a perrentate Hate. Hid. Asked 4 414 4 (VI 4,40 4.B2 4 fi.1 4 (HI 4 111 4 6 6 03 4 76 6 20 4 10 500 4.! 4.7(1 4 00 6.35 n.13 6 OU 4 Ml 6.20 4 r. 5 31 6 00 4.(0 4.63 6.16 ChlANtVpfiaS rinsiraum -CSl'AO nf.. CCCAMU... 23 CCCASL pf 61 CleiAHt 167 S3 Kiso 1)7 3'J 23lt 101 14 7"l 152 in.-, 2a 101 HI 225 tw'4 18 711 :m 70 s 01 (0.14 w . H 104 120 6'j 40 86 no 30 .125 It 104 0 102 II 29 126 127 133 160 ,11) m ClevAP apl so CI11PAC0. CIPAC11 pf.tnn C0IAS011. 21 ColASii pf.. 47L4 ColASo2pf. 37 CnnKias. 115' ContCan 43'j ConC pf O Cornf'r pf., RS CrexCnr ,. 46 CutiASti pf, til DrlAltud. .14(14 Dell.AW 4l llei-reCn pf 1IMAHI1... 6i 1C4 no Itm-4 25 im!4 45 H2 1,1114 110 , III 14SA4 430 85 DMAl'tl) nf 2114 DenAIICpf N 11 IletEdl. 112lioI1214'0 iiem.iiacK, iu III (AM pL. 80 Potl'lllted, -Ilul.SSAA ., .1 IISSAA Pf.. 7 Erle2ilpf. 2llf Veil MAS lVil.MAS pf t'WIuth )f.118'X (iWlleme.,ln (illelniepf 112 (luiMtrs pf in Havana. Haiana pf. HariHtrNJ. 02lj HanVJ pf, HnnCorp.. llomi'Mln..ll6o HnrkVal. InlAvrCorp, IntAirrpf a Intl'iimp.. liitl'iiin pf 77, Iiurer-H. 107o lnirrr-H nf. 100 InwaCrnt lownf pf 16 JKnv.er 7514 .IKiy Itif I(i KCI'SA.Mpf KanCSnu... 23 KanCSo pf. 54 KroAIlesif 4 KADllpr 3H KCIll.AI' 12nlio 12l4e Lacleilld'.ll'lll ns LnrkStl. 2S 32 R3 6 III 2!'4 lISM 1H5 117 116 71 IU'4 n.',i, 1147, ns 117c 12.1 12 12 .1 III 115 0 25 7D IOSI4 611 111 no nid LlkeEAtY 5 LEAW pf II LA.MTC11.. 20.1 LAMTCopfltl l.ollirl.l 311 I.orlllarilpfll4'4 Lonsi-WII.. LnoseV2pf Maekny . 72 Macka) pf. M Manhlfl. 123 Manhstilrt. 41 M.111SI1 pf..lil Maylltst... 5J'i MaI).Stpf. -MrrMar.. . 1 MerMarrf. 4'i .Mei Pit pf. 70 .Mast 1. 1314 MASlL nf . 38 MSI PASSM 10,1 MSPSSM pf -M.SP.SSir.L75 MlilltAW pfll2 Mnrills.. If,2 M'hAStb . N'.ltlllsoult 11(1 NatEAH pf 7S Natl.iad pflonu NllyiitM ii Nllvofl2n 5 NVAIrllr .. 63 NY LAW Nnr.Sou , NorAW 100 NnrAW pf.. S3 NorAiner.. M 7,'orCi-nlty. l NiulTe...lii) OdlSIIM. I'filistlirpf. ParTrlA r.. 25 I'lii'TATpf. 86n PeiiAllii.t . . 0 in ash, . as l'CI'ASIl.pf I'Kt.i nf ni'4 PI'tWAC . 16h I'lllkM PI , Pf.StorlAir PrSK'ar of (Jiileksllver 1 yulil.ll pf. 114 ItjSiSprs . 20 IllStSps pf Hi'iul 1 if - transactions Askrd 1 7 20 21l)'4 11'5 37 lis 20 2D 71 7 121 52 (I2 60 US lfll, 31 110 121 77 116 I'D 113 121)1, 17 I "0T). 10 6.S 112'4e 121 23 1001 4 S5 3 02 2,1 fni'jc 0 I'M l'.l yesterday : Hid Askr.) SI I'l s 3'4 ri'.j a.V 41 mi 1 "1 1 , 3714 11.' 22 SS M Head 2 pf... m; f.UIlll-IV (II. ' MLASP SLAM' I pf SLAM'Spf , Sll. snW . Stl.'UV pf , -.S.-ais-Hne 201 t Se.ll.-Hi)pfl21 I Mii.s.Shi-f . 21 ISKr.'Sire 101 Shrcirc pf.Ioi Sol'KSucnr .'12 M'KSii pf. si 'SnlllMAO , SU.IiMIII . . .stsnMI'l pf. 1 ' . i-.ie TellMcl.T T.St LAW .. IU TSI.AW pt. 5 I'niterw 1 5.V j l'nileiw lif. I'nllarAI1 , 2214 I'tiClcMfir . 4 11, t'tif'Mfi pf li 1 nils ln . ) l'nl)r(!d.. l'nl)r(i Pf 31 rsi'i.ti . .1 I s' II' nf.. a.'i-i 1 MndAlo 15 1'sinrtAl pf 71 rsilipi-iss a; 1'Mlial.M 37 Viu .iri'h .. Ill VaCatC pf VallAP. Wnlia.il pf. U Wi-siMd . li? Wi stMd nf. 2.1 WiXhlpf 117 Weyllrnt 220 W.-j. Unit pfl 1 1 wini iai.i: t Al.t: 1 pf. WAl.i:2pf, :i wisr intrsi 3014 Willy's!) pf ci Ex dlrltlriid Whrr a 'c' follow, a riuot 111 ion It Indi cates a hid or offer fur 10 shares LallAO fnl.l 4. flllill SH Halt AOhl-iS'j. 1200(1 llOlj 1 1 eths'teel et 5 .I'll I llt7 rent Parinc In 1V.oi.2iI Hll lislO Hll l'.MK20 Hll ( A O CV I'.s t'lOll Till,)1 Cli A y Joint 4. N central. Vis lono .1000 li.in loon 7 '.)' j t'nlonl'i rr.i iiav cm 4 .m iityi. r.iy ;isiu , ..1.1.2.) M'1.1. looo ii iu r s steel it 6i , Cll AU Iowa 6s N'l MIAH ev e 2onn IOO l 2lir.J0 I O a 1 j 1O01 1 O a.14 Waliash eq 6s C M A StPrv 6 NorlhParinc loi.i ...Sl)7s ifhen t.sueil -11,1.211 s 1) 14 Va Ury 5s 60110 loo.is Iimis.'i)..H(7n 100) K7-is 51001). IOOI4 Or HnllANav 4s Wotl'nlon I'jt 6000. .IllOOs H)-2i) HH 1 loun . 1) 1 .is Total liond tales .par v.iluel ja.a j'j, OOO Fellowlrr aro the quotations for the .standard Oil rtocks: Yesterday Saturdiy Par. Hl l Asked, llld. Asked. Atlantic Hef Co Hnrnr.Srrym Co. lm llllcl-ej-e Pipe L . Chesclirouch ML Colonial Oil Co Contlr.rn Oil Co ., Crescent Pipe I.., Cumborlan I P L. Eureka Pipe L.. OalennSlcOII.. Oalena Signal pf, Illinois Pipe L.. Indiana Pipe L. National Tr,inlt, N Transit.... Northern Pipe!,., ion Ohio till Co . . Pierre Oil. new PUBLIC UTILITY SECURITIES. llri inns HO 14 75c 43 1111 13t 10 101 II) I.I lll( 3. 2111, M 4" 11 I! 3d 1211 310 lis 4S 414-5 4'i 4'4 414 4'i 6 r, 4 4U-6 4-5 4-41 5 5 5 4'4-1 4'j r. 4-414 414- 413 ft 2,278 FEBRUARY FAILURES. Decrease Hhiiivn IVarn .liinnnryi Hfta, 4(14, OOO Involved, Dun'a report of commercial failures I for February shows 2,278, with total Indebtedness amounting to f32,461,63u. Tho Insolvencies In January wore nf with 2,8 IS fall. excens of 3411,- 4.50 . 4.51 I 4.S) I 4.70 i v) ! more moment, however, 4..V) 1 4 r. J ! 5 oi ' 1.50 I 4.SS j 4,70 ' I.Wj 4.40 6.35 6 20 4 (SI I J'"' , The New York Inderal Iteserve Hank I , tat es wore 4 per cent, for thirty to 4 W ninety days and 5 per cent, for longer ' Mils 111 os ana iiamiuieH 111 1100,000, In comtmrlson with previous years tho record Is nut favorable, thorn being only 1,505 suHircnslnnH In Fi'linmsy, 1911, with liabilities of S22,35I,J93, while In February. 1918, there wero 1,454, with liabilities of 121,477,923, MONEY AND EXCHANGE. per cent for sixty and ninety day bills and for four to dx month-s best names; 4 a4 (fr) 5 per cent, for others. Time money was steady and In light demand. Hates wore 2 (if 2 per cent lor sixty and ninety d,is nnd fur four months 3'i of :i per cent, for longer maturities. ('all money ori the floor of the Stock Nxohaiigo yesterday idled at 2 nor cent, high 2 per rent, low P. per 01 nt. I inmcstli; exchange on Now York! St. Iiuls 5c premium , San Francisco, 50o, premium, Minneapolis, 15c. pie- tin. discount ; Cincinnati, .Montreal, 18,12 pre- 4. IS 4.70 4.60 i.tg 1 Open market discounts, prime accept, aruvs, manning up to ninety ilnys, 2?2 per cent. Commercial paper rates were 3(34 inliim , Chicago 10c. discount ; mlum. Call money In London was cent , short bills, 1 per cent, months bills, 1 per rent. Sterling exchange was firmer, quotations wero Pemand, Clllb'S, I SOL, Har silver In London, 2.T41I York, 41" 1 0. New Voik Clearing House statement, Mxchangos, $283,73:1,2.17 b.tliuicf s, $20,. 322,609 ! Kub.TieuHury credit balance, 1525,780. I per i three Final 4.801s . In New American Gas Company.. American Light A Traction .. American I tent A Traction pf Adirondack Ele-trlc Power. A'tlrondai-'i I'li-etite Power pf.. American das A Electric..,. American t.i.s A l'.lii-trlc pf... American Power A Light.. American Power A I.Ulit pf. . . . American Public t'tlllttes . American Public Utilities pf... American Waterworks A Electric. American Waterworks particle's pt Ameilcan Waterworks 1st pt Cities Senior, Cities .Sendee pf Colorado Power Company.. Colorado Power Company pf. Commonwealth Power. Hallway a. L. Commonwealth Power, It A L pf Consumers P Co (Minn) 1st 6s 102').. Dayton Power A l.lirht Co,. Dayton Power A l.lirht Co pf. Deal or (.as A Electric pen 5s.. . Electric llnnd Deposit pf... Eli etrle bond A Share Co pf.. Empire District Electric .'.. .. Empire District Electric pf ... Federal LUIU A Traction 1 idrtal Llk'lit A Traction rf (ins A Elecirlii .SenirttUs (.as A Eliot rle Securities pf... (.rent Wi stern Power Co 1st 6s 11)46. Lincoln (las A Elerlrlc ,. Northern (intuitu Light A Power.. . Northern Ontario Light A Power pf Nnrilirrn Stales Power Co Northern States Power Co pf llarli Power ,v Water. . . . Paclllc das A Elerlllc P.ielile das A Electric pf ti public Hv A 1 lulu Co )epillilcH A LUIU Co pf Southern 1 .illfnrnla Edison. .. Smilhcru ( alllniula Edison pf... Standard lias A Elec . .Standard (..is A Elm pf... '1 1 11111 ssce Hy, I.Ulit A Power, . . imnrssei-Hy. I.Ulit A Power pf . . United I.Uhl A Hys United I.Ulit A Hys ii-t pf I nlH'd l.Utlit A 111" 2.1 pf Utah Sei'iirltlis Wistein Power Western Power pf Par value, $V) Hid 100 312 in:1 4 13 41 !.'j 47'5 f.2 . SO 31 ia 4'4 17 45 17 61 t.1'4 S7 51 fill soi 4 2; 1 8') Asked 101 317 15 41 id 49 05 83 .13 C7 a 15 45 OH 4 70 60 17 Kt K 71 16 11 51 32 Slllj 10 41 A3 16 03 73 I.) 4 17'v J 31 4i Ci op-; 13 16 ao :.i .V) ri id 81 61 8.1 im'4 .12 81 t'l 66 HO IS 70 20 M 16 .'.I 2.1 M'4 I'll n 81 11 1.1 IV -4 (I 37 47 70 7 14 111 1121 4 1 Pr.ilrle Pipe.. I Solir Hef Co Soutlurn Pipe L , South Penn Oil. , ( Southwe.t Penn., Stand Oil of Cel. , I Stand Oil ot Ind. ; Stand Oil of Kan i Stand (III of Ity. ! St.111,1 on of Neb. Stand Oil nt N Y . Stand Oil ot Ohio Swar. A Finch Co, Union Tank Line Vacuum OH Co. . Washington on . Stand (111 ot N J. Sul-sl I -en bloc" SO old "all on". 1F.i dividend. Sim 540 5.V) 535 643 . HO 210 200 210 2'0 . 6,1 108 HO ICO 100 . 10) (110 ann ft) Mil in) tsi fO 1X1 101 . 1( 220 22 . 220 225 . 60 37 10 :.n 11 100 47 6U 17 61 HO 215 22 5 217 223 HO lan is.'. l 166 . 1IO 136 III) 136 110 HO 12S 130 121 1.10 .',) 01 (si im 110 . 23 31 3.1 31 33 tm 220 223 217 223 , iro K4 02 J8 02 . 25 131 131 131 133 . 25 14 16 13 14 . 100 222 22S 222 225 HO 141 117 131 112 10(1 22.1 2V. 2K) 235 . KO 205 210 205 210 . 100 2C0 705 2.'.', 2(16 . HO 11(1 113 10. 115 . IOI 2()l 207 201 21)7 . IfO IIS 42.1 420 425 , HO 310 351 340 3M . 1(0 251 2.V. 261 251 . HO 310 320 310 320 . H 103 160 HO 102 10M 423 431 420 410 , HO 120 ll 12H . . KO S4 SO 83 S5 , ICO 14 187 P6 PS HI S3 30 32 30 .. 1 131( 14'1 l.Vt LIS, - 302 301 SO'l S'.W I'll 810 - 1252 - 12S3 irm flocks. The reiinrves of ivrn ns gven hv Snow were 951, 000.000 bushels, against ss3,oon.noo ,1 jcar ago. Snow says that consump tion has Increased 221,000,000 bushels since November 1. Thrso tlgures did not sustain th market, and shorts had llt tlo dulleulty In covering. A bearish Argei tlr.e ofllrt.tl crop esttmnte was publlln.l. pointing to a yl Id of 3,16, 000.000 bushels and nn exportable sur plu of 204.000 noo. against tho record 1 yrodurtion o' 32r.000,000 bushels In , the preceding .season. ' o.it There were stop loss orders I reached In the mirket, with declines of greater proportion than for e,ome time. Commission houses were ncttve on the selling side Mudi of the sell , Ing was for Interests who haie been I trailing the export demand. It was directly attributed to the slump In , wheat and to tho political advices con 1 corning the forcing of the Dard.ine.les and the emb irgo against Germnnv The j fri-nh export salon for tho day were , estimated at about 1. 000 000 bushels. Snow plnced the farm reserves at 36t, 1 000,000 bushels, against 390.non.ooo last icvisin. The trade was hardly In 1 the mood to consider these statistic... I An Increase of 257.000 bushels wa re. 1 ported n the visible, br'nplng the total to 33,000,000 hushels. ngntnat 21,000.0u0 year ago. got n considerable amount In addl'loa through tho neutral countries. Ilur- j ins January Oormany sold goods to the j United States valued at over JlO.Oin.. 000, among them valuable dyestusT.s The cutting oft of tho German trad, alone would be of comparatively I'ttl Importance. The blockade of the Allies and those reciprocal measures that Gennnny tnav be enpaliln of, lion ever, tiny he , ivoetfd to Interfere with the trade this country with the neutral- U"i Is the great bulk of the war export ..li f tho country' 1st with llnplai d .to Franco lntiro Incronses In the t .,(! I with Kunopoan tif.utnils have be-i reg 1 Isterod In recent months. of ;.Vw York's export buefnoM.s with Hurope 0' more than JSO.non.OOO r, .lanu.irv $ '0, ooo.OOO wan with mutrnl.s or Ge-miny , The export trado of Now York with Italy and Norway was double that of I a year ago, with Denmark eight tims an inurh. with Sweden and Or,- e nearly ten times ns great In each case A strict embargo n shipments In o out of Germany Is almost certain to redui-e thv. figures materially, In ad dition to the d'ttli-ulty of getting sSlps Into neutral ports at nil riiij-InK 3lunlelinls. While e.iic,bui-lns of municipal ,1 oil i-ither Jncomn tax exempt bond Is In progrer f-. income tax r"turi )uinin,-s a bit o' ajvloe from th National fitv Hank nf ! Chicago Is timely "Investor .r:-it to Inquire c.irefiilh- into t'ie tlnae ! peis1 thut of the muni- 'pilltlcs whose se.-url-, ties the' a'e asked to buy." It siys. 1 "For years past there has been an In-ei.-a.sing Sendeiov toward extr.iv.-ig inee In municipal government and munu-.p.il tlriancliig. Immoiii, sums hav In n 1 borrowed by cities and towns to pa;, f. , non-productive Impnivi ments win ri add something to loo.il pride nut n. tli'.- c I whatever to the earning o ipad'y "ie 1 lirrower. In these days of oc.tiotv 'n 'le.stors ough". to demand that the t- cn..t of bond issues put Ollt hv t. . ' , ' palllle.s should bo expended fin j.i ; -which will Incipqm the n,-ruuf n 1 . liivos'ment I 'The crace for municipal l.ind Ills bfs'om" such a factor in the innt tne mconi'. tax lias t-cn ut. 01 .statute) Iwioks has made I' poss .... almost any municipality of dorr' to borrow n)oney at rt-asonabl.-While almost all of the mono tl u rowed has Ix-en well expended 1 h-h i portion of it hu been put into .MM., and similar proJwLs which ought s-i- v cii be supixirttsl by a struggling com munity. Tailing a broad view. In wrwr, t mny bo said that Investment cap' til is being more elllelnntly Invftsted to.day than at any time for a decade pist " DAIRY PRODUCTS MARKET. HUTTCn Fine buttar sm ee.m7 t flrmor jesterday and .1 trifle high-. 'though tha uc'lv'i. uai rvnrtnea to t top i,',-j.1wi. .11 ,f the orfe-l-igj w-- ,." urilnurj to p, - ,1 1,1, ity an 1 ru h s'ew. s-'torace ,-i 'noilirate cten.an-t fr 1 mi of town lini-re Henovatet wr y -l.iJle. elow. Pa. k t.f sto.-k v ik Ft a iiowm-ry, estrus. : e ore. 3 ! It , hlirher eorlnie, 3'. il,y., Urate, n e. ore, 274 Si 30c He.d extras. 1. e -In'.'Sc, llrsts, 25'3'uJ6ij, , Hta'e ' 1'lt.s. tlneet, 214'. 2S)r ; too4 t.) pr ;iif21c.; common to fair, .!t2'- I'. .voted, extras, ;i ,1 .5c . llr.ts, S3 ;r t 'lower trades. 2i 1 linit.it!., m ..e.n- ,r. firsts, 2.a21.v. L.idb, nirr.nt ..,- I firsts, 21c.; eeconds, tin, 'it , . Rradea, lsf Hie. l' l-ktng et -.-1 N. UN if Il'jc, lower gru.ieM, jf.m:.- IMILKM2 The e! tla''on was S'tixOl I ened floniewhnt vr.trfjay jiv rii-- - I 1 oahlee from End ind, aKhough tt.. aei lociry was quier Hiul Irres-u Provisions The i-harn declines were ' porters have h-n taklne on the political news nnd In eympnthv al w-irn grain .No attention was given to the steadier bog market. The state ment of i'Mciro mock again showed fair Increases Packers and specula live ititereste were on both sides of the I market 1 , WtlM -Mar . . July , Corn- Mi)- .... ' July O.ltS' Miv ... , Julv .... Pork: M.iv.. ., I July..... , Lani M.iv , July .... l!llS! Vai . I July 'h'cigo rirlcee : Open- nikh- Low. 11 f tfl rr 75', 7fi'i fa Mtl . 17JS . 17 72 . 10J7 . 10 45 e.t J'.l 122 731. TM. Wt, 17.16 17 72 10J7 10 (0 e-t 14a 117H 72 w, 61s, 17J0 17 45 10,:? loio Veiv I'lty .11los. J.'rrur 1 !' Hy Hate Pay Due N. Y. City ,0 M S Sept 11 N. Y City, .6 M-H Sept N.Y.CIty,. M-.S Hcpt Hid ore Yield I0l Mt'i. 3,0.1 110 102',, 102i, 4,22 117 103J W4I, 4,20 CONSOLIDATED EXCHANGE , The loading Influence In both the , wheat and stock markets on the ("onsoil. dated Ilxohango at the start of business was the expiclod opening of the D:n danolIoK. Who it broke sharply, wh'te stocks ritrrngthi'iieil The rosiii'lng .nl vnnoes In slocks, howover, Invited tirollt Inking in sonn. voiume, wllli that market roai'ting fi'iun the boat loes. Heiding and Pnlleil States Steel were, the inohi ,10! ho Issues The first named opened .it 112, against a closing price on S.itutiliy nf 1I2'. una e.irly rose to H3',. lie lowest was 142 anil Its' closing 112 Steel opened at I ? 4 . Saturday's closing price, and advanced to El'., closing al 42. t'nlon Pacini's, upeniiis a' 1 1 7 s 4 o dividend of 2 per ci id reprivoiitod a gam nf 1,. of .1 point cntnp.iieil with S,iturd.i s II1111I price, and it early toui'lieil a lilgh nf 118 Its lowest m.ih 117 and Its rlo-ing 117',. Amalgam Hod Copper opi'iied at 5'l',, uni'h.iiii'.eil from Saturday, loiiclu-il .1 high oi .'il's, but rlii.i nt ,'i3i,. Smi It Ins w.is 111 m nnd aclho. It upeniMl at C'J's. up 's ol a point cniiiparid wit.i H Hindus' lln.il fpmlntlnn, linn'lioil a high of ii'Ji-j and I'liwed at 61'. I'en tlill LeilllliT WIlM the llli'sl notlvo low priced Htiii'lc. I'rom an opening of 34 1, It ilis-lliiisl to 33, closing at 3.1 iv. Mlssiiiltl P.ielile dicllnisl from 12 Lj at tho npenltig In 11'-.. i-lo.-'iiig at 1 1 1, . PriH-e.l Steel Car sold al 27', nnd 27 ', . Tr.i iisa ol ions 111 all Mocks Int.ilinl 1 1,190 ellil s On (he l ud.i'ielles news M,n- win it im.ii. d Jl.is 10 Jli'i'i ,ic ,insl ,1 I'lnsilig price on SatlinU of 11 On , biter soiling ,im low as 31 is, nii ,.s Ins at Jl 6.1 July wlu-at upenvd at Jl.30 nnd closed nt 11.27, .. FC Now York prices were Oren v: July (YniHOlldntcd prices were: Mny H, 16SV, Jul) !K) iro. If. 17 10 H. Hlrh rt !67 3os. In 147 lis'. mi it ro 10 17 10 41 TS 16 OS lVeT. CjOe.. 163 S 1 l 74 761, 171. oi hit fsSt Iff 1641. 127 COTTONSEED OIL. The tnno was decidedly eisler Sell, ng of nil increased as the wrakr"s '"i lard pec into pmnnurersl I'nido w.is inoled at 4 3 cents, but thorn wore ru mor.s of retlnerei h.tvlni v. Ithdraw-i nr lowered tholr bids. Tenders for 2,300 barrels worn reported and further no tlooM to-dav worn toipis-ted Political Mi', somewhat m rci,si uh 1'rl-es' Held, rnsct.ils, 1 " i ii 1 7 - aae fancy, lf,y im-,,, . under-. 1 1 . If,".,'. Wlsroiuln, who.e 111' k, ,ir lalslen. ISiilGHe, twin., 1 (! f J r, i, r. - 1, eklme held sperlal, iljjlk ro" I t" il 12'4C UiKiS A weaker ei'd lower rna-Ve' rr.i i' 1 o-i o.-rr... of Mbenr r nfi 'Inn 11 177 cn... Heavier are Indicated for 'lis week It.-, i- j , mainly fur Immediate conuniptl,.r -li. -i ) whl'e.. In mtxler i'a ttelpi U.i l"-iinil.l I'tl-'K IKirs liimiewl-.i' -. enllfii! Pr.ier: 1'resh Kah". I r-' , jc.: ftr,i... tlmt '4 ... . :2:':,c dlrtlc n 1, 2" -rf-i,,. 1 -'.t. 1-20. , l.e.ir.ery. M-. .,,- .--. n.-ini-rv nr,i"n H' mlx'.l oners. i.'4'n.. Hi"- ,. 1 do k. STar 3Sc. LIY17 POULTRY -With lishter r -' '- expe.-td for llie w-eh, the market oi - I in iieiinnirr Miape, wnn pr!m- isteadv. JVney miioflth loacril , ' . 'Wanted. ltoo.ters filnxv Turk -1 hanged I).. k, ecarce nnd ilrm s'oiv on arcnunt of Indlfterem o-, Hecelpl. yentcr.lav 12 mrn, w-' , -m track I'rlcen: Chi. kens 1,1 f .wis, 1e?17c. c.1.1 r,.,.-tr,. ' turkeys Id 11 i.e. Hin-k. sprP r ' I'Oc : Western. .0c ll.rn, ... (Julneas a pair, '.no pic nn. - nitiissi-'fi I'orr.'nii - m .,t -' f re.ti kille.l are . ,w 'iorkevi, pour and scuV 1 h'- ken. ,r. i,f H'lrin and nc wu-., 1 )-,.wN ' - Uliqi'v. Lilt ,'sw, lir,-a"v hel. II 1 riisters firm nn account cf . t-.-'rirs si,rliB .ir,.-hn i.er 1 p iltt .tc-11ili (li-ni. w tli hiii"-. ) e eiaeir,i:.v l'r', I 1 Ued. Weed-rn flill'-y, 21 iir- Host. 1.. ,f2Sc Tonne. wi, ! if !( , Te., 1 .1 :0!7 11 wl 3.K7 F17 Clo- lnr if.". LtS IW. 127S Tu-k. -I Lk f. d. mile 1 w els'il s e-. P'ill-ide'plil.1 fnl, s-an, w.-u1.!,.!!. I 'h, . 1 dlphl.l. s :bs an I ,n er, !' ea.'li, 23 u .6 - estern. ( to e.T, 1,.., 1 .' 'o vox, (i 1. 1 p. 'I '. 0c f.i advices had depressing lniluonvu during 1 evr 1" dozen, dry picked. Is,- : b s the eesslon. over, lie : old reorters. lid., J 1! ll-riine Willie 10 in. TO oo.-en 4 I It. k 'h.. i 60 .lurk, II - ,1 x .. I spring. 3 11. s nnd over, pair a 1 iii-ie. iro-en, nrv pi -ue .1,.... Spot March May July Closlnj Price;, ii 70 '1 1. - it. i r is.i .1 ti'sil T II Prev Cln, lll I si, I, '1: DIVIDEND DECLARATIONS, in ti in 1 Trrm HtO'V. '-I (ju irtr! , -iPi Tip'ot t- litlli.h'iMlll llrilNji . ni' 1 1' t 1 T 1 li 1 4 - 1 l,tt , mlt 1 )'u Tis ( f 'itmMii iju'ii t-r'.v J-'r ttt HtiKtul' k. lU.t iM.hiiii; TiTllll'lli cn'it.ii 1 run m"'ii' pfd Ant 1'ar.ilile ' AX ;. Mat ?'40 Apr. S'li1", Mar i: 60 Mar. 1. f'. Apr .'em. .'1. , lexas Ih. to do-en, 27. . ,'Sc i'hlikns 10 3.i lb. I'l I . corn fed -11 1 , ,i-.il nvii- i'., r I over to ,1.,. 1 - ini-k-. Ir, litem, 1 ,' i ii !- FINANCIAL NOTES 51'. e Mnr 1 ft T ( J (M r.c. w h, 1T tl'il. 11 l-Mi A 1 ,1 , 1- tre 111 111 of H.-l'llls,,- ene. lal atienu ,ii 1 1 1 j ,it. t New .t.-r.cv , , , . , ,.'! un M v il. 1 111 fo- .-alt. isoo.iiiia M Palis" . lerly Uepulilla Drew mu 1 Hubber pf.1 pfd I ei, l'.r, M'f Mar Mnr t 'ir.-i-11 .1 l'e pain 1314 I, ,111 tin ii. 1 'i- on tb - ti 1 t 1