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10 THE SUN, WEDNESDAY, MARCH 31, 1915. Listed Railroad Bond Legal for savings banks in New York, Massa chusetts and Connecticut. To yield over 4.30 Direct lien on entire property of Company (including 1683 miles of road). Followed by junior securities having aggregate market value of over $50,000,000. Particular! on rtqueit N. W. Halsey & Co 49 Wall Street, New York JloMnn ( hlesgi llnlMmori San I'r.inrlsco i i FINANCIAL NEWS AND COMMENT NEW YORK STOCK EXCHANGE PRICES. Mosf Arfivp Day in Stocks Here So Fnr Hiplipst Prices Too. nnllroml nnil Otlirr Share. Tuesday, March 30, 1915. Hill Aak. ( IK. I Sale. I Optn I Inc. Illjh-est. IlOW- t. Clos lug. I Net I Chanra. ixnrsTiMALS in Tin: lkad Investment Bonds YlfMlntr About New York State 1965 4.05 T: r.ifmpt In New York Erie 2nd S"e Sept 1919 4.65 Erie 4th 5 Oct. 1920 4.65 Oregon Short Line ref.4 1929 4.87 Penn. Consolidated 4 '.,' I960 4.30 New York Central Deb. 4r 1931 5.20 St Paul Minn &Manit'a1 1933 4.10 West Shore Reg. 4s at 90 & Int. 4,15 Gty Waterbiiry, Conn., 4', 1911 4.15 Blake Bros. & Co. 41 WALL ST . r.w XOIM 111 Devonshire St , Ilnston, Mass. J. K. Rice, Jr. & Co. Will Buy r.O llcero .1 4 n, I'fil. stock I (Ml I ajurilii sugar Htm l. Jl, Hume Iti.iir.itii i' 4 n. .stork jr. ithici on mwl mi Penua. Vtaicr .V Po t. Cnm.stl.. nil II. .1. Ilrmulils tnli. ('Din, Mk, I mi snnta ri rlln sugar I'M. Mix k nil Icias .V I'.lr lull sunk J. K. Rice, Jr. & Co. Will Sell .-.(l hll.l. Itr.t.i I'M. sunk Ml I'nliirll Lend I'M. Murk .111 I'., . Illl.. "in. Mnik jr. llitrrlinati National Hunk Mot k I.iuledr tin, Pfil. Mm k nil Phelps Dodge A ii. Mnrl. 1(111 Illl hiitotlil Light A It. It. Mark inn iinceiishom iiciclupiiK-nt stk. nil Mi lor Inlklng Miulilnr st,i,u J.K.Rice, Jr. & Co. l-honr tv to 4(v John Bonds for Investment Municipal, railroad and public ervice corporation bond LUt orsia tppliutUa Harris, Forbes & Co Pin. IItmI, Cwntr Willi. m NEW YORK Evansville & Terre Haute Gen. 5s Atchison & Eastern Bridge 4s Southern Indiana 4s and inii:ii issi cs dealt tv F.J.LISMAN &C0., Members of Sewlnrk andCtilcajo lock deb n.'ei no nnoAii hntixr. ,m:t Torus Speculative Impulses continued In control of the stock market yesterday, although ronservnllvoly disposed fol lowers of the market supplied stocks to It freely. All the catitlonnry reasons In tho situation did not mtnice to prevail agalnet tins rather excited optimism which wan Induced by recent dlscov- loties of the strong position which thli uuit-v has been building up In the last I few in itiths. Nor was there anything in the foreign advices to alter spectila- 1 live moods. Oormany'a submarine plraclee did not seem to advertise o much tho de- ( ignite, character of the European con flict on to constitute an artrument for ' regarding thn German caaisa aa a lo-i!n- one and o tending to hiurten the con- elusion of the war. I'ren-mmahly with many of the now oome traders In Wall Street the more or less frothy talk about early peace nan been an Incentive to the purchase of shares at rising price, and accordingly the despatches telling of the neale of wagers at I.loyd'n an to the d.ite for the wlndttp of the war may i.t.o contr'buted to tho further buying of the il.iy. In nunc Intelligent opinion the present itoc'h market could not be Justified aa ..n effort to dlxoount peace abroad, but .t nut-lit be In eomo dei;rt warranted m t reflection of tho factors that have been tie. utiiulatlnc for nn e.xpan.lon of our li'meatlc btlnlni-M. AccordlnK to mieh l n.oit thero was a bullt'h .'iriiutnent In thn tndlentlonn that nrrancementfl for . xtendltit; .1 eubntantlal amount of 'ed i ti foreign borrowers with which to ptire'iafo our poodi and commodltlert were In the way of completion. The ne tz t'..itlonB that have been polnR on are fiinpty additional proof of our Rrowlnic lb melal etrenRth, which needs no pre mature peacn talk to eupport It. .ccreslve flrmnesa prevailed In the K"ock market from the openlnn to the I'le. The trencth of ciuoted values suntved renewed ahoekn from epecu l.itlve excel, and nlthoueh It Is more ' in likely in become evident i-oorier 1 or late - th.-it Wall Street Is now en-1 ,ed ii, v, .-r.l.'ir.e Iff anti. Ip.itlons of, u I'M-dUte huilr.ehs Improvement, the " nvemcnt of Mm ks only Kaln.tl momeii i ; im without lounK breadth. The total i i !' tr.uiea. tlln was about 700.000 i.ireH, the larcest olum on any one' dij unco the openlm; of the Stock ITt- ' " tre, and cioslne prices were the ! ' h. islt. -it reached In that period. j , Auiin 'he International list and th. 1 ' cenetiil run of Mandard stock?, for the I irnt part r.iCs, hut with eome Indti"-1 tr' ill Included, nhowed ulRns of llqlil-I ' lni 'ii; prex-itire, but did not lcld ma-' j i.naliy. The Indnnrlal department 1 was in the main ery etroni,', owlnu to! 'he c ursn of prices In certain (rroups .ird specialties. 1'tilon Pacific and Si 'ulierti I'.iiitlc were rlnn rnoiiRh tu pruenl ary development of unsettle- ' me- t, and thero were no flBnt that tinj thlnK more than normal realizing plus fciie pernstent sell nu from Kurope was , t co:t K on In the railroad quarter, la wlii -li last week's adiandtK; leader sli.l i found. Helling of the sort u.is f:i llltated by the "way In which ' I'b.strifil shares bavo ac.iin c me for ward, hir smne of the railroad Iwiies ' tluufi-l c"npicuouly In the deallng-i. ( 1'i.e shares of the old Hock Island i Hal. way were particularly prominent and the most acceptable explanation 34, 111, 41 :; 4-,u 411 or. 14 in 47 4- 4', 30',j cv 14S 10 Pi f.'.i 122t 4 12 T4 4RV6 49 U 31 Sfi I OH !U -I7T4 n 27 2!l 27-'i r.u 32 US V4 ISO in:, I (10 12J 221 io ' 10 2S?; 1 1 3514 1 72 H 704 89 104H 42V4 89?4 30 If. 163H 13 35' .ir. 10m 102H 43l 44H 12'1'i, 127Vj 7'. s 2 ', fli'a fSU 35 72 H 704 8R14 104 42 li 89 .i 29 3.-, I 12 -ir. 63 U 4(1 49U -- 40i 90 4Si 27 r. 301.4 CS',4 3414 !" 39 01 41", 4M', 30 95 4H4 HI 4714 2S 2lfN 4: 3014 1.7 V, 9 149 1111 1119m,! il4 2C V 20 V 20', 10 11 ! 7!l"v 11 '4, 2S', 99'? 35 73 7014 S9 79 4 29 99; !IU, S',4 2s4 99 9S4, 9S',4 35 , 35 73 72 704 70 914 SOU 104, 1044, lf44 1044 3S 42 4 ; 38 424 R!",4 ' 89 89V; S9U 15 12 32 ' S914' 121 311, B4' 9SI. 32U 90 125 1 31, 39 V 101 i 29 ir.',;' 105 :iob 314 33T4 102 102 44' 4!;,' 1204 127 12' 124 32 32 1014 ' 90 u 40, 27, I 27 j ..I 2C-, 27 I .., f.2 , 53 ..) liul r: i .. 73 1 73 6 5S I 594 .. 4H 50 420 4274 1 10' 7 7; .. 12 13 .. 74! 7 .. 23 23 ' .. 3S. 394 .. 304' 31 I ..' 27 , 2S 4 10, 109 fi 142 113 121 122 4! lOo'i 1U1 , 7, 117 US 7 3l' 35 ..j 53', 53 14- 10,4 109, J 5, 24 24' .. 14 , 30 ..I 37 3s ! 2 13 13V .. 03 I 3t .. 24 24' ..I f.S 59 4 4 32 39 90 9S 7 21S 220 1'.'! 110 'llS 7 1374 1374' 10' 33 ::7 IIS '121 It M! 30 T3j l"l0'?. 334 12 524' ::j 119 63 I 13 79 0i i 4l S2, 304 1 73 4 .44 117 13 j .11 I 12 53',! 101 1224 02 H4j 82 ISOOUInaka O M 3I,I 51 OO'.UII.m. Chalmers 10 SSOOjAUlK-ClinltiierH pf 39 1 2S200 Atnal Copper CIS 6100'Ain Kept Silgiir 41' 000 Am Air Client 4S oiMiiAiii 1 an 1000' Am Can pf 95 30U Am Car .V K 40 105, Am Coal Prod 90 3700 Am Cot Oil 174' 100 Am II & Leather 5 J 200 Am II .1 Leather pf 27 , 1400,Am Ice ! 2S! 1700 Am Loco 1 274 425'Am Mult 4l 100, Am Malt nf I 304 4700;Atn Smcltln c,s 200 Am Snuff 14 250 Am Steel Kily , 2il i00 Am StiKar '101 101'lot 173 Am Tel .V Cable ' 5S 59 j 5S4 1300 Am Tel ,V Tel 122 1224,121 125 Am To ,atco 22 1 ,221 '2.M 100 Am WiMilen pf 100 Am Wtltim; I' pf 3100 An.U'umln 2100 Atch, Top & H Ko SSO Atcli. Top & ii Ve pf . . 100 Baldwin Loco 2900 It Sc O 600 II A O pf 2S400' Bethlehem Rtrl 100, Bethlehem Steel pf.... 20700 H Goodrich 1600 Bklyn Itnp Tmn 200 Hutterick Co 2100iClll I'et 2950'Can Tnclflc 4900 Cen Leather 200'Cen Lenther pf 1500 C & O 700 Chi & Northwest 800 Chi C.t W3t 200 flit C.t West pf 12120 Ch, M St St I 100 Ch, M A St V pf 73140 Chi, It I & 1'iic 5050 Chlno Copper 100 Cluett, ! & Co pf 300 Col F . I 300 Col A Southern 90'Col A Southern lrt pf 600 Cons Oa 800'Com l'roluctJ 900 Corn iToduct pf 1025'Cnnt Can 200 Cuban Am Sugar 200' Del. L A W 800 Denv A It O 1500 Denv At H C. jif 300 Distillers Seo 7900 Krle 4700 Krle 1st pf 200 Krle 2d pf 400 P.siiT.il M A S pf.... 57oo P W Woolworth 000 (Jen Ulec Co 3050 Cen Motor 1050 (leu Motor i,f 2000 (it Nor pf lls4 11S 5400 (It Nor ore otf 31. 354 3000 C.ugir-nheim , 5t 51 100 III Central 10s4 104 11100 inspiration con -i, 21-, 300 Int Asr Corp pf , 12, 100 lnt Taper pf j 37 6200 Inter-Met 13 0400 inter-Met pf 01 I 1550 Kan Citv Sou ' 23 , 200 Kan City S.ni pf 5S 200 Lack Steol , 33 100 U'lebdi. (Inn 97 ! 500 Liggett A My.'rs 217 000 Liggett A Mers pf 1104 00 I.cbigh Vall ey !l37 100 lAng iHlutid I 30, 100 I. ,V N 120 j 19S50 Mavwcll Motor Co 31 85fii Maxwell Motor Co I pf.., 7,4 I MOO Maxwel. Motor Co 2 pf.. 334 720m M, t I'et 7" I.'liiu Miami 'opper 24 400 M ttn, St I' A S S M 1174 10 Minn. I, I ' 75 ' 3 too Mo, Kan 300 Mo, Kim 1 :3i25 Missouri 700 Montana 200 Montana 400 Nat . 20100 Nat 34 11 45 02 15 49 314 95 404 90 4S 29 27; 5 304 0S 4 2 0 1 GOSSIP OF "WALL STREET. RAILROAD AND OTHER BONDS, 4 4 4 1 59 122 221 7''4 f4 2s 99 4 9S4I 35 704 884 4 -"4 4. ik ..121 2.4 .' 39 , lo ill 1 .110 , i' 1 121. 31 39 inn 51 117 12 734 59 50 in, '3 ! 494 ,125 425 42 0 4 104 1 8 214 , 39 1 27 in? 142 125 I 99 29 29 15 15 103 11634 344' 354 1014 1014 43 43 1264 127 12 12 32 ; 32 , S9 89 121 121, 2S 31 3X 39 4 100 ,100 ' 204 2041 I 204 264 51 I 51 ! 110 117 : m, 11 J4 73 4 l?4 14 4 4 4 4 it 1, 6 4 i4 IV, The Ncit l'iisntlin. Hock Island old stock took the place of Bethlehem Steel ii the ftrieculatlvo sensation of the day. The 73,000 shares done In this stock was nearly double tho turnover In any other Issue and, 1 mnro extraordinary xtlll, It was ten ' times t.10 average dally total In this 1 stock recently. The high of tho day, 2Vi compared with a low of 19 4 n 1 Monday. There was no tangible ex planation olfered for thin extraordinary outburst of speculative activity. Ap parently It resulted from 11 sudden rec- ' ognltlon by a great many people at once of tho speculative possibilities of a ' stock heretoforo neglected. Professional traders themselves Kay that tlm Incident was one of the most curious features In a market already repleto with unusual , developments. The thing camo like a Veritable explosion. On .Monday the stock wa.s ttioted around 204, with llttlo doing In It. Tho next moment the market In It was chaos pure and simple, with broker bidding madly fnr ftoclt In competition with each other. At the time the specialists asserted that they 1 hail no orders on then' hook and there ' was nothing anywher.' to Indicate tin' Imminence "t unusual tlevtdnpmentH. A scattered short Interest was helieved to bo outstanding and for a time the whoio eplsndo was attributed to the collision of two largo bujlng orders acting on this ehort Interest. Hut whether or not this fired the train of speculation the , subsequent action of the market has In dicated that heavy buying followed the price up and that the Incident hna as sumed the proportions of a speculative movement of the Jlrst Importance. Transaction, from Opening in 5(1,1 P, M. The J.evrr. Adams Ilp 4, Moo.. .70 Amer AerevS, Tnno I (I I AttiSnifltvcti, .1,11,11.. 1 11, t :o(ki. 1 ii ti i AmTATcv P49 lanoii .loft Imifl . I DDIs Minn. , 1 00 Annuo.. IM3, tnnon. .10(1 i:nnn. .1011 Am T ft Tell 4, rnnn. ... si 7 Minn. ...SVa, Arimeir 4'vs Ks3l til! loon ti V A T iV x r cv t, lnn tr.nn.i 100 4 1. 'nno. .1001, AT A M" iten 4, .,nnn. ...o.i r.nnn t:n ATASI'ndl I, r.nno ...ho ftatnpeil I nun ...HA .us in .. Moll r.it'n "VVt II A-(lev 4i-.s 11, ,n,,i mifv,! Ilium hi i. innn. . Mil.'! 4111,11 HI! 1 linn 11 1' I. r ft H .1 l ?im,i H.111 AOhloM'iS :(Kt . it 1 4:nnn . innn Inon . r,non . woo., .inoo. . woo The time chosen for the demonstra tion In Hock Island, If Indeed the move ment wan the result of a deliberate speculative campaign as some people be lieve, wan especially opportune. The approaching annual meeting, at which a contest for cmtrol t schedu'.d, was In 1 On t;i en f. Itself oalctii.iteil to whet the speculative appetite. But the real lever was prob ably the techlih'.il condition of tho mar ket for tho siock. win, h was p'obahly unusually strong. Tho great decline In tho price of the cll.iteral bonds was to some extent for. ed by the necessities f,nnr....7niulUnonn. I OOfia .i.ino).,.. 7 ou 2S0'), . 1 ooia snon,...7()ltf:N YCent4'4, innn. ,..7i)0h tooon,,R7i!i r,non.. 7()lu, Innn. H7(Si foio south 4s I :ono.,,,H7tv lnoon.. ,H!)i.( vcity4, iwii noon HliU liinnn ..uAl , I'nln.Nirxt i'-js NY city 4, ll., rnon.,.,Hi!lw enftn. ...u AI4 lono K!,lN,NV (f.i, r.lec l.t Con Omcv r,s II fc I'M 7on). . 1 1 ni'j .ir.nnn 1 oa innn. .1 1 ii'hi ny (ins nee l.t Cu bin Si I II A I' 4, I 11)01 III moo. . H4I7 , 60nn....O(llB'NYNIIAIIcvCs 1 lot I llimn Ins ' tnno... nrUu M VIIAII 4s'.,j I Cuh'tiAmftnri, 4'hhi ...7rt I ISnnn. . .IHI7M N Y lly, file ( CiimliTel .Vi I innn 7 1 17 , inn -...'itiaN y lly, ad) ' DelA llml cv 1, soon .I'i's SHIH1 ..UlifU :onn. ...n V.'i lien A Hioor.v irnnn. ...rt'ila ' .innn . 7 H , .Iiiihi A'JIh liinn. . 7 H I Irnnn .. IS'H j , lien A Itlndr is r.nnn .VJ.'k, :nnn .1 j NY Westch'ter I.TmisIll, ,74 1, ,V Boston 4'jS ' lien A IK! ref 5, ir.nnn . 7Ti Innn., .4.1 Norfolk A V Is lietroit I ti 11 ,,' Mmn tl'jl j tnno 7 ."I'lilNiitfAW I'iiciiI, 1 Iil.llllrs Sfcnr ' .itrnn. H H I llli 1 Cnrp Vi Northl'aclOc Is Soon 40 I'nnn .u:i, Iimiii . I Hi, i...k'i 11.(4 1 I'rle l.t mil n Notthl'ielle n. Iium h I s ii.xioi. 1. 1 1 i P.rle ev I" er Innn (1 ,1 1M , i'linn II -J i. Or A Cal l.t r.s llelhSleel et iimnn II .10110 lllll.'lj I soon. I on llrle cv isser II OrMinrtl.Ine es I Minn .looW Tnno.. .n4"n rnnn loHlal r.non linn, poon i.d Pnc of Vo 4s Prth Ml Mr ts rilntAI'ercYisr .1000 ...H7U inma . .SHi, oneiteton 1 enns is no no'iii. . nsifl oukin. . .ois 1 tern cits SHI 1 r.en r.leetrle 6s 40nno .ion", HHlH sono I O'l lisnno 10:1,14 HHI4 Cen Motors C, Pa ev 34s IBM HHla :nnn. . I o I 1 , 4innn . 1 oois HH (ir,nhvMcv( 4nnn. . 1 00 HHIs' Series A , Plltillc .SeK'orp H H I r.non 10 1 1 of N J is Ukn It.ip Tr ts Mud A Mn sdl lonn HHI4 im, 1 ihiii -ii, nnv 1 on 1 op ,,, toon .nn-ViliOnrf is 10M .Vifin . 1 1 01 "nil c 01114 loon mi, ,14 llrndlni im 4 nvn Vn I'l ll 111 Cent 4 IH5J lunn . ,u4ls e.fio.1. . 1 nnj :ooo . H4 Hio(ir.indev 4, OntrM (ii lt Illinois .Ml .s 3nn. 7 l la ;imiii jti ;nnn . m iiv ii',Mm t rn r, in.con, rou cv mi a iron m r.s ,onn In 1:1, iw iwj innn . 1HI4 Cm Lmtlier ,' tenon aia Stl.Asanl'r fde Executor Crrsrterad 1822 Tmstoo The Farmers' Loan and Trust Company Nos. 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avcnuo New York. LONDON, 15 Cocktpnr St, S. 26 Old Broad Strut, H 0 PABI8 41 BanleTBrd Hsma-u BEELLIN. 56 Unter den Lindo, W. V7 7 Travelers' Administrator Letters of Credit. Foreign Exchange. Guardian 30 4 49 4 I 4 104, i 154 I s 21 394 I 2S ,109 100 113 112 1204 121 ' Hll 99 39 50 13, 4 1 3 23'', 313, 3d 4 23 I 3S, 304 2S ,10S1 142 122 , 100 117 117: 334 33 15 -i- 14 3 I of holders v.ho could not go to the c- I I pense nnd trouble of i , inversion or fe ired ww., , to do so T)io.e who did convert nnl :nio'i .became thn present holders of th" o' 1 -f'(in i Mock were of the tnot deiennlned and aide type of investor or speculntor. This j made It clear that the supply of stock i available anywhere mar the bottom 1 price would be extremely ftnill. The results have shown that th.s was pre cisely the oa?e The swlftncs and ex ' tent of the advance could not fall to Innn lisi loon noun .. ii s.i, lonnn Cent I'.irle M Minn Innn, . s mH "twin. . .I.lnnn s h tiimi , lli.,M. .H H ?e,iiiiM I'lU.SSlii IMmn H"U irmo HHIs r,(inn. . s h I , loeifi hhi , InO'K) hhIm in,in bring real stock nut, but this did not cause anv retb.ick to s;eak of. Hut against that speculatHe buying by out siders was plainly encouraced Tin re Is I lent lilt N.I ' .innn .114 s , 1'ion 1147, reel.ti-reil tnno .1 4 1 4 Che, A llliln Is I l(MKll) I O I'll ; ifein . I (i-i , i tnno lonn. I II I 4 , moo , Cr,e, A. o .i,s -limn Ifmn,) ...H7 Anno ' toon. . .S7la initio 'CAOci'4'1, ITnno 1 rum Usui mill rnnn. .Ill loon. IM'JO 4 1 mo I I k'lH el', slampeil I 1 I -j r.nnn titila , I i'i, ?.. on,i ti ; I I 501101) 1171 J ' I I '.'14 s A M'ass s 1 I 'Jlv -'"n 7 4 I I "J'U SeatntAl.ref 4s I I '.'.'n .1000.. .I1H7H i I 1 a'l, .'eit.il A I. VlJ l I av, :i,",i 04 I I :i ' innn i)4t I 1 :Hj lonnn 111I4 ' I I :lj f,ini)....il ilj I 1 :u 1 liioti 11.') ro iten 1 , soon . ()7Im Ilia tono... 07aj I I I 1 Si) I'scllle ev .'.s , Ilia,, 1000. . 1) 77 Illl, t.onn. . (1 H I I I a, ;.".nnn. . ti 7 7s I I 1 1 4 lono. . ,p 734 1 I I 1 .'n So Pacific cv 43 II lj lonnn . .H'i I 1 'J , :ono ...nyis 10,4 ios4 21 124l 37 13 014 23 5, 1 37 ' 134; 034 24 4 ft', 33 97 20 , 14 37 13 034 24 4 33 97 . 9 220 21 1174 1104 1174 1374 137'. 137 "'."4 30 30 120 120 ,120 44 39'. 41 7s 33 2.14 110, 4 4 f 1 6 o."4 1 1 - 1 t- 1 4- enough difference of oplni in 1 the actual physical cotel property to stimulate spei 1 recarditig f the Too llncli H 111111 leilue, .1000 1 4U Inlerh It T ret' lnoo ..HI a. ChlA,Mton34s .is lv4n ,fopclr.c ref 4s I nno . .tin., lonon n .v"KM..Siil ( HAOJolntii, lonn.. .P77B lanon 80 tnoo. ...iitCk,1 .men OH sol'iosr tern 100(1 fllllj Interim - Met 1000.. .Ht)" .linnn . .nils col trust Hs youthern 10 ,s l',oon . Oil 1 4 roo,i . 7 c. U soon II ,ii, Ch' HAg cm 4, r.non . 7HU sntti. . lOfln... O I I4 ."hiimi 711I4 So '(try gin is I jno.1 ( j 1 , toono 711.1, ,ikvmi ,t 1', I Chll'AO ill 3s 140O0 7(llj leu, Co ev re lmwi h 11. Ins Cent 4, irnnn oil 1 4 1 chl.v i:,t mi, mno .-:i 1 aono. ...o oa 4(ini . oT Jap.inrset,s2d Thlnl Avaa) M . i h ;u Condensed Statement of condition at the dote of businesa March N, 1915, u reported to the Saperbtendent of Eknlc: ResourcM Ln nnd Dilli PurcWd . . . $2534.88102 Inycrtmerit Scarritir, 1 0.233. 1 17-50 C4uh on Hnd uvJ in Banlu. 7.675,59 1 M Accrued InterMt Rrceivtble. . . 644. MS. 93 Rcl Et.te 63,541.17 $43,853,981.06 Liabilities Deposit - -.. 05379.671.63 apital. Sarplai and Profita 8,248.967.45 Accrued Interest Payable.... , I72.725J0 Reserve for Taxea and Rent .. ...... 52.616.66 43,853,ft81.0 Metropolitan Trust Company at th City oi Nw York qocvb C Van Tayl Jr Pmident 49 Wall Stmt loooo , I innn. 2IM1IIO 37 4 1 73-1, 2 I in 82 214 110 04 34 3 4 i. It la sal4, that one r.f f : rn b.itik'.rg ho ises in ,1' S r,'. a firm wl'n the mot ImtKirtant m'e-"..itlnr,al .itllllatio-s. Is entirely out of sympathy i with the present ndiance in the rtock mnrket. Memhersofthetirtn.lt seems noon ? n I 1 nsnpe,! .lonon H I 7S who have exceptlon.il epiortunltles for C M A MPcv s, noun 70 Tol Stl. A W s knnwlnc -iP nhmit the fnreltn situation rct,ruiiii.i unni ltys rri ss innn ti KnowitiK a., niviui tne inn iirn s.niaiioii. ,IM10 loilj innn HI1I4 t r.lonl'ac cv 4, nine iiiwi '11- jui, it, ill- i in "11. ,u- I. MA stl CV l1. I 'ntr.M 4, -("in. . . M ! 1 1 4 l"im... nt,i, innn .hi, I .s itutitvr r.s -(no tu, 1 . l.adeile (ia, t :noo . H) a I s cn.vntWest ( Jnp4 .sOerm'n r.non. ...H 1 .14 I Texax A Texas pf . . . . Pacltli? Power Power pf B.si'Uit Co Lead tor the'r rise was that Interest), which , joo' 101 Electrical Utility Investments Their lleionl unil l'rnresi Send for BooUe! BS-299 William P. Bonbright & Co. Incorporated 14 Wall Street. New York E. & C. RANDOLPH MtmbT" New Ycrk f'j k f". nanss. Ill llriinitui,)', Nell lurk. Bend and Open Matket Secuntm Depattmant 1 p SHI l.I.-'. Mr ri.a..rs In Invettnetit hh 1 other ReeurltlM of the 1'nlte 1 state-.. Ctri . u anJ xtejlco DrVTDEND DECLARATIONS. Compsnysnd Term. Ptoek. Amt. Payable. Unite, 1 ht.ite, Smeltlnir, Itetlnlng utid Mining. quarterly ... pfd lt Apr. 15 I.ske Shore n'.etrle, mmrier v 1 pM I'i'V April t rifth N itlona! Hank, tiuurtei V SCI April I J). ill. i lllectrlc, eenil- annual 1 pfrt I! Apr. 15 JiAlliui Klectrte. eenil- snnunl .:pM t:.S Apr. 1" H'e.lfnaii-Seal er Mnrran auarlerly pfd l"i". April 1 SUB -TREASURY STATEMENT. MONDAT. P.id by Hub Treaiirv to Imnk. J5 RSI, eon 1'ald by bankn to ftib-Treaeury. ;.6S:.0i"i Iw)e, to bank, on dajra trans. actloriH 111'. 000 kinci: rrtiDAY last. PaH by Sub Treseiiry to banks. jT.'8.Mt Teld by bink, to Sub-Treasury. T.i,' 000 13.001 eoj.ooo h.id lost heavily In the ill fated Hock 1,1 ind Company we.ra buying Into the rai'road with a view to an ultimate re- ! , cry of their looses. On the whole no I explanation was required for tho vlo-' lent aiixiviices In vaTloiw directions. Mi 1 l.iglior prices for copper metal 1 were S 'lin what to account for the way ;) which topper shares took leadership n Hie afternoon, but for the ret It was tr uilfest that the market was uffecte.1 by .1 widening public response to the spectjlatlvi, appeal which It has been , m.ik'tig In the last few dayn. j Ttad tig In the first hour was on a I fcnle of what Wall Street calls a million ! share sett-ion. This was the period of ' gre.iteat activity, and nlthough very heavy sell'ng Mas uttrncted prlcen did 1 let set ha, k much. In the last hour tl mta ten, fitintli..- mitlirnalr nflclt.. ' n'though ti.e fresh turn of strength was I morn or less confined to Industrials, , ra. , remaining perceptibly slugtrish. I In tho day', news budget was In-1 eluded tho statement of foreign trade j for the week ended March -7, showing 1 a fabing balance. The aggregate wa.s nhntit 515. 500,000, but-a total of per- h ips 51:10.000.000 for the month l In dinted, making ,imethlng like J.1o, 000, nno for tho last four months, an nmotint which would have been re. gatded as a credltahle balance for any lull year hitherto. Further returns of railroad earnings for February showed 1 I material net gains all along the line, al- ' iiinugit inn compirison must allow fori m no f.iv cable wc.itner last month than a ear ago Cotton was linn and tho g.-a'n market was strong. A respected private authority estimate the winter wheat outlook as fully a., promising Be at this time Inst year. 12 S5 ?.1 69 27 101 sr. 12' 85; 35 ' 594 2S, 102 S9 1044'10' 19 20 100'107I 122 1224 04! 2o-;' 944' 34 I 93 I 153 19 7s 21 95 34 4' ?S ,1 I .i3 4 1 19'i1 224 22 7S' 79 1 140 140' 1 ' 141 11 I 35' 13l137 1 HP'4'123 24i 3 10 7 1 1CU' tC'1 io 53 504. 1..' ! 134' 35' 11'4 74 1S I S7 I 10H' 54" 53 1 to bank, Les.s 10 b.'iiiki, eatne lons week. rrtnd pr- Xjtt lllnlntnin Price. The Ktock K.xchange committee hns eiahllshed the folowlng new minimum P'lcea: May Department Stores com mon, 43: California Pe'roleum pre. ferred. 42; N'ashvllle, Chattanooga and St Iouls, 120, ,md American Cities pr. ferred, 45. BID AND ASKED PRICES. r.r' 5741 ..' 97 ' 994' 7' 29 1 30 12 112 '1424' in 14 ' 114' ' 5I'V 55 1 . . 97 19" i 0 01 I 07 I 41 0 1 01;' ..' 12f tJ ' 1 25'-' S' (OKI S0' 4 17 ' 474' 4' 102 1105 ' 7 n I 01 ..1 25; 2.-.; ..; II I 454' 4' 05 I 00 ' 01 I0.''l!05! S' IS'1 1 4Si ..' Closing prh-ei nf stocks In Hid Ailam-llsp ki AmxrChpr s''4 Arnllrsli ef.i.i Ainlir.s i eiji'j AiiiHtSu pf AinCrAI'liflll Alill'lllespf Ainl'oal... so AiiiCol'r pfirrto AmCoiO lit u.1' Anillxiirr.s si Aml.lnOll . in Ainl.lnii pf Aiul.ncn !if S.', AmMtf if..l(tl' AiuHllfnfl) ;i .MnStnilf pft'ii Ani.siilif I in A.:.Tnli if..inci otiiiVnulen. ii) AnnArlioi . AimArlir id Asseikltinl. AssoU 1 pf, A,nit'.'i(. Alli ill.ltie mi'j llaldl.iiif Ii, llaloiill,u.. . i llccelK rci 1, lirietrlinf ID )'Ul,I,iJ,-i1;i )4riinTi'r . Of MuiAiiSlioe lltimti-ill pf 77 JIulltAI' . I l.l I', I ,f ftin'-ii,tli. ,'.r,l, l lllt,,f. I -it, A ' , ill,' 1 r.,.l N , ,11 1 Ii ' ' 1 t 111 . Chr .A ',r ' hi-- Pin "1 I'A , A , ,1 A it, pf U Ankel I n.d S7i, 'CtrvAPI't, V, Wl'v K'lev Aps r,l. s' li'.'lv ,( I'leltl'Al o t iii , , ; ,r 4; l onn nn pf in',' Cell etpet 411 Cti nivij pf (11 lielAllinl. 117' Dei rri o pf. DesMAHI) !'( IlMAI I) pf 15 Ili lllilUon It.V'n DetA Mwk. 70 DetAMpf SO )i tl.'llltnl lilarundlt M Dul.sSAA .. .1 llllISS lt ' i i;,,Kt:ii.in flo I I UMltlAS H ru'iiuiipi ni( (V llelme llj'v laviiiin iif.iin I., 'Ill lll'tll sii .nil Ii pf in,',1 j i.niiili)-('i)ii 71 I I n .Hi n . . 7.1 MnMlliapf OS llnnX.I.. !i MariVlpf. Hnril'orn. 71 illiitvf'nr pf til llliune.tliM IKo 1 1 lucking V.. 1 1 Ml A in 'ur i lull' 1 per . i.; ' Illl I'lllllll. ,li,il'n',iii pr n Illl', "'I' lilliTc , Illl' I ,f ,' lew ,, , n 1 ., low , - II pf , 'Hi .IKa -er .11 I Kill- which there were no transactions jesterday Aaked 1.1:, 7 lll't 4S inio in 1 in, , irn'4 70 ino , ir.' 10:4 in I IIS'4' l(J lrt 1 H irm'j 1., n in ii I PC 1, l.tll Mch 1 ,r, IliUSUiil, 111 ll tl.1 I4'l fill 7 "7 til i! 10 II") H'O lsil in: j 1 711,1 PS' ,! tHl HI 71 li7U III) IM 1, II Jill SII4 Did , KrnADf.Xl , I It r...X ll pf 1, l.lln. f,V... S 1.1. AW pf. . Ifl' ll.nrlilinl Ml ll.tllllAPl pflti , I.iio -VX'ISK. :n'i 1 1,0 H' pf (1, il.iiiilVJlif. iMaekny.. l.'i'ii I Mackay pf. (Wij I ttilll. Uracil 'J Miuiliallll .1:, Xl'in-lilrt .. 31 I M1111SI1 tif. r.i 1 Maiillal.'li'c I'J I Mill 11,1, Aitied. 11 II 174 117 I'l II ', l,() 7C, 111', H IM .11 mi 74 M ,il IIM pf. 1 Mi M'i'l pi . j.llli'lli en. . I MIliA-Stl..., IS1'. ma 11 1, pf.. ns MM'ASMpfl'll I MiniAU' pf till MnrAIN 1117 V liftitl... 11 111, pf. Il'il l.e III Pf I07S MlvofM I n 1; X'lll llll Sll 41j XI' II r . r', NV( AM. I p . I ASI,2 II NMAU. 1130 Niirsmi , in Vinci' Nun 'lilt'' -,ii 1 , 1 1 11,1,11 M I' 11. ' 111 pf I .11 I Pf l',n I 'A l I'acTA I" pf in,. I'KlllAU J4 I'etAM I pf. 70 pcciai. pi - iPI'tWAC ' PlttSI pf iWllleU.lHer 1. ll)MSp, ;ii. l(Stlp pf. -Iliad I pf... Ileail V pf ItetivAS.ir let 1 itiniit i 1. Ituniily pf, 1 ill.SU' pf . xvi iii.r-.-lti,pfi';i Ho- sin f . ::) iilii'-ircpf.ln? lol'li.iui: . . 3.' Sill'ltl lf . ,l S,lHlIAtl !,., stun Mill pf 71 'I I'll'ni'l.T in, 'I'll LAW , i,, lll.AWir. 7 I'tnleru pr.imi I 11IIAP nf. I'llllVllll . . ,1 I'nllrj (ills. I'SI'IP i, l'-n M' Pf.. ,14 l"lnAlc. I ilnAI pf.. 7M Bid. Aiktd. U7 - an " 1 Jit no 10 I ,!' .i.'. :u 1 (ri ic.-.i;. rr,'3 - ? '. -" fi9 '4 o 93 72 254 3x 00 121 100 105' 50' 23' 90 ' I 24' 1 90 I ' 73 ' ' 20 I 1 40 I I 00; 121 lioi4l 400 Nat K S 100 Nat II i S pf 1000 Nat Cloak A Suit Co..., 100 Nat Cloak A Suit pf.... 700 Nevada, Con C020 Now York Central 10" New York. CM & St I... 6700 N Y. .V II & II 1000 N Y, t'nt A V 500 Norfolk & West loo Norfolk A West pf , 200 Northern Pacltlc , 100 Paclilc Mall ISOti Penn It It 40n peoples Clan , 200 peorln A Lastern 200 Pitts, C, C A St L 4000 PitH Conl 000' Pitta Coal pf 1000' Pressed Steel Car 100 Pressed Stetd Car pf..., 020 Pullman Pa! Car Co C030 Hay Cons Cupper OlOn pepiib'.io Steel 1510 p.cpublia Steel pf 39100 Beading 390 Bock Island , 200' Bock Island pf 20n Sealmard A L 500 Seabonrd A L pf 35n Senrs-Boebuok M)0 S S Kresge 1250 St L A Pan I'ron 1025 St I, A- San Fran 1 pf.. 2300 St 1, A San Fran 2 pf.. 100 St L Southwestern S500 Southern Pacific 251 Southern Paclilc cfs... lOOn Southern Itwy Co 500 Southern Itwy Co pf... 450 Standard Milling Co... 10225 Studebakcr 300'Stiidcbaker pf 10011 Ten 11 Copper 5200 Tevart Co 900'Ti-Nas Padllc 11920 Third Ave It ft 100 Twin City It T lOO'Fndenvood 700 Fnlnti )! 1 it A P 30100 I'niop I'uclllp 412'1'nlim Paoillo pf 200 I'd Cigar Mfrs 100 I'n Cigar Ifrs pf 100' I'n Dry fioodH pf 400 Fn ltv Inv pf 2000' I ' S Ulty A- Imp 19700 F s Buhner. . . 500 I ' S Hubher 1 S4050 I S Stool . . . , 500 I ' H Steel pf 9200 Ftnli Copper JSOO'Va-Car Chom JOO'Vit-Car Cliem pf 250 Wabash 400'V:i1inhh pf 200'Wi'llH Firgo K.xp 4100' West. nglioilso lllec. . . 1200 Western Maryland. 200' Western Maryland 4400 Western I Illnn Tel, 2925 Wlllvs (Ivei l ind . . 200 Wlllyi Overland pf 13 3I, 114 53 1 01 120 00 13 79 12 3I4 11 13 34', U 53 lul 120. 120 03 4, 00 13 4 13 f.2 4 I'll 100 12 4 1 S0 82 1 -SO "7. 101,7, 12 M'. 32 00' i ' 20 KlUTi 12 4 sr, 32 r.x 1"2, 1024 3 H'! 194 ;io7 1224 I 1; , ' 0 93, j 34 4 1 I 93 ' ,153 , 19 I 21' ' 7S, 117 I '- ' 134' 1 '135 ' '122 ' 10 ' 5 I ' 17 I s7; 99 ' 10 4 1014 s:.', sr,4 1H5 PM7, 19 19 10X. 107 1224 122 Pf. 55 I 9,1 1 .1 29- I .135 , .' 5I'4 ' 97'-. it 00 0 .'125 .1 SO ' .! 47 1 .'ion ' .; 50 i I n- ' '",. 42 01 ! 1054 I 49 114 91' 34 4! 93 153 19',; 23 I 79 1 147 1 I 134l 35 135 , 123 ! 3 ' 11 7,' 17 7 99'. 10'... 12 34 1 12 53 101 120 I 03 13 100711 124 S5' 32 59 I 2S 101 S54 101", 19' 107 122' 04' 1 94 ', I I 34 93 ;i53i 194I 22 4 7 140,' 14 1 1 U f 3 i- 24 -4- 4 14 1 o 20 93 34 93 153 19 21 7v 1404 4- , 134' 134 35 35 135 "135 122 '122 24' 3 10 ' 104 5' 7 17 M14 '9 10 54 4 51 55 I 90 1 29". 135 "j 1 I 1 53! ' 0 17' S7 99' K.! f.t'il 574I 97 1 297; 1 112 i II'A 54 1 97 ' CO "I 0 125 4' 5 97 29 I 143. 114' 55' 97'-. CO "1 0 120 1241, sn 4 f,0 1 47'.'.' 47 I 103 103 1 I 50 : 50 1 20 ' 25' 454 42 I 001... 02' 1054 105 '105 4' 19 li 4,' Mnr..v ' ifl.i.i. tnr.60 tn.-.s. I Ml, 50 55 50 I 4" 1 ' ; 14 1 4 .. 14 ' 34 1 1 44 14 'o s '.. 1 that Ihe future was entirely too full of cmpleiltles ;o Justify any sustained up ward movem"f In the stock mntket j Their own p-irtlcular Held of activities I contlrmed this view. If it, dee, 1 was tint originally responsible Secultie-, were I being liquidated bv Kurope steadily and there was nothirg to show that 'h's was 710I th" legp-itlg of ii xerit.ih e tl ,.nl j In addition to th's the buslne", sltm tlon In this eourtry was bad When the market did turn up strongly the mem bers of the firm we-e at tirst ge-umely i sceptical Thev attributed tt to Wes ern wheat speculators Later the stocks In which they themseh'es were Interested t moved nlot g v.1'h the rest. The demand appeared equal to any amo'int of Until- i datlor.. That needed an explanation nd the members of the firm started to In vestigate. It Is not stated whether as a result of th s Investigation t iey cnm to the corcluslon that tb public had stolen a march on professional Wall Street and that hes, among others, had mlsfed their market Hlllfe of Ihe Account. The turnover of O'O.COO nhares yes terday was the Hritest since the ex change reopened The nearest nppresel, to It was the session on Tuesdav n wei-u agi. when (it,; no, i shares wore hour-M and sold. The 'amoum of busln.ws makes the state of the speculative tic. count an Interesting study Also the possibility of a sharp reaction Is pew freely commented upon Many con servative brokers tis.erte.- yesterda that they hnd got all their custi-mers out with a good pro:P Not only l!o they leeve that the advance had gonr far enough for the time heirg hut they were Inclined to fear tiint the nctlvt. ties of certain It'dustrlals would hun the. main list leaving out the pec!al ties the market has advanced oimt'.nu oiisly du-lng the past ten bqs'ress days. I The nverages show a st might awn v rise I of nliut 4 poirts in the radnvuls and 5 Iiolnts in tho Industrials Judged by it- j I self that Is quite a performance. Arte, i it the mere mechanics of ina'ket move ments: would seem to call for a sharp reaction. But the lit at upturn after a long period of depression Is d'i'iult 1 i Judge. The rapidity of tin. recent rise makes It plnln that there wns I't'lo stock for sale unvwhere neir the bot tom That menus prei'.imn nl-sorptlon 'Hin manner in whe, heivy protlt tak ing siles have been raken 1n the past few dam indicates further aoemmi.n. tlon. The cipacltv of tho new buyer, cannot be estimated If nn ndequa'" I supply of r.ew buidfig !s crea-ed the shift lug nrnurd of mock which ord'. partly causes n reaction mav he accom plished with only a pause in the upward movement. The n'-ooys.irv shifting around Is poslhlv now taking place. CUASP mi H.., I mm llllll. l' s Steel at o i,ia i,s a Ms in.ii iodo.. in 1 12 irxt.x -II" ilei' 4s 4011,1 . .nil., irmo. I00.1 I, Mciett ft M 6s 1I0O0 CANW.MIlSnir lnoo IOHI4 inon. A N' 4, :nnn lunlj I.viiki. ri'Oo . DOHh Marine rlt 4Vs lnoo Chi ItlAI' Hi ecrtlneate, I.l.lonn siK,, 0H.I4 Innn nil ilrs a A SW 1st Mini .All Minn A St I. Sm K'OO 1(11 I.Iiiihi . .,(,. 1, .Vino .SI Watiaih eit 4i iotiano.iex 11, emu t rrfitin nn 1 .moo . 'ill'j Mo Kan A r fdc, 1 enTr ct ,i0 in.',, .in Vlo 1'ic 6s IKO ton,) . .ti I I j 4MUI II I .Si If KM . .11 I I'J Mo IMC lilt. 4000 . ..., 1 inoisi. Mn Pac cv .Is .vino s-nnn Mm vi MKKI ,1. ',,,, 1 MS'li Iihiiiii ,11ll,l IMiiiki .IWinn 4'HH1 Slllllll TJOtsi .Vil mi . I .) '" j .'I H 1 . CPS 10 jomiii .1 11 1 u AIM 1 ft tills A'IIm .Illl , Alt s )lll4 'i'iIj, AILS -Mil 1 ftn v, 11)19. . I I) I lj . I O 1 N .1(11 .14 I () I oi In Trust rtft M100 . Hilly r,noi) Ko Tr ctfmtrt 7non ! . 'J :s 1 j The Mechanics & Metals National Bank will remove to their new Banking Offices 20 Nassau Street on on about APfiiL is, inl and offer for SALE or LEASK their present fully equipped qtiarl-r;. ,ii 50 WALL STREET 1.MII..I :.i,mv flHKIO i snno limn . . .', ' , 1 , Chi IlIAPref , , ,1l,IO, . Ii 'l.l, ' 40no illi fO'-o 7n 70oo 7 0 1 4 4nno .4,') ,10mm, ...mt I In Pacific is I inno y :Ua rnno 11.I4 We.tern I'.lee t looo 4 7 1 .idon. . I 0 I :s imi.i . 47'Ts Wn Maryld is .'.noil . .4 7lj ;no,). 7034, Moo 4 H mooo 7 I KII11I 4HIj West Shore 4a .V V Cen (let) f.i 7l'(H . II a wlirn l.su.d lert.trred i 41101) 10 ON lono.. HSIal t.:'i()i) I (MH j West Cnlnn (a ' I.lKI ,11 (I 'M I0O0 I 7 1 3 Mn) I (10's Wr Mt'nlon U, iinn .10111, Zwo. . ( Ula IDlll) Idl'l.,' 1 ran. in lions from 8:16, P. -it. te Clotlng. At-.er Arr cv 1, Chi HIAP Ity fs , V ltv, ad) Cs 1 non loll.. 4 im. 1 .111 Vi tnno ;j Alt.lATcv 4 -,i :,'"' I'll, NV lei im 4'n .17(10,1 10(1 17'i'- I'll, lood ..'Ii I4 A T A s I cv 4 Prlrolt t'n 4'ti NnrthP&rlne 4a fiOil 1 (11 11 1 7'ilj .IuiiO . tljfs. IPOi.) 1 OOls IMI .,n"l lll( (, .NnrttiPacln; .la ATA"4'ren4s of Hklvn 4 .'...ism ,n 41a innn . .1) lis pnno S77n l'enna44sJ I'elh tl Ml : I'rle , v 4s er A lem elf. 111,0.1 , hh :ooo i j .'.oikiii inn, II 1. r . Ian Ir.sCor.s Cop cv Publle serCorp Icon "i'1-.j r. tti33 of N' J is l en Leather : noon 1 1,-113 inno .. hhu 11 ee innn (is7K W Seahd A I. adj I ' ' "J 4nnn t) h (, jfinpo 1 1 l?a, j inula . i,4'rt Cent ParlCe t., Ir.lertmro . Met Pacific cv .1, :iin S1HI4 roi iru.t 4i l.inoo. . O CbrsftOiin I f'OiM ', ill 1 .So Pacific ev 44 inno .. s; I.lccett A M r.a irnnn.. .Hy Chi A Alton 3s .lend 10(11., lOOO ..H'JIs ;onu . , ,i,14 Marine rlt 41, .SnPaciflc ret 4s rn Ay joint 4, loon .10 toon hi, 1 4 17O0O pi. 'is Mo Parian 4s -'Ooo . .hiiim l U A la, till :,, :koo . .4.HU vo Itwy rm 4, 4i,0,l ,1,)'l4 ft Y Cen deb a, .'rflOO . tl,17H 4 M A Stl'CV uhenl.ueil Te A Pae tut f retail. 11 rl una lnoij jnon . n 1 inno .101 , ? city 4. ms I Parinc ret 4s PMAstPcv 4U, ir.o.1 (i.iv loiio . no KkiO , 1,,, S Y Ont A W l, Vn Uwy i, CMAsptmii', coiO) H I lj, .ini.sn)tii rnoi) . .4 ' -4 loon H 1.141 innn. liilln I hi A X V. a f is N V Kys Mr 4,1 lonn . 11 (,(in I mil j 701)0 .71 1 lulal bond .ale ,par vnlil'l til. HOP, 000 CONSOLIDATED EXCHANGE. a Rent dav for the "special the Cone'.dated Stock Ki lt was ties" on ehnnge. Bethlehem flteel. the feature of Mon day, recorded an overnight Jump to 904, against a closing price tho night before of SO 4 Then it reacted. Special strength developed In Amal gamated Copper, Its ndvanee being s-.lmulntert by reports that the price of the copper metnl had risen to 10 cents a pourd Sales totalled gd.UB shares. In the grain department wheat reflee'ed ilrm-, ness, with the May delivery opening at Jl 00 to Jl.'O'i. against a cloeing price on Monday of Jl 5" After early touching $1.59 the price ro.se to closing at 11. his- Juy nni opened at Jl.30 and advanced to 51 S14. THE STEEL MARKET. Orders for shrapnel nnd 1Xlre On- tltine l.nrRe, The etes! market wns quia' yes's-. , with cor.diUors genera. 11 Orders for shrnpne' and wire n t'nued large, nni deman'i fo- c ' such as tnaciT 'ne t .nis, has -( k Structural buslnes" Is 'r "e ' k , though It le n all th-,' u c sired is bet'e- tl an fer r 1 past. Hall buying ha no been vr and no materia' itoprox eice-1 ' noted 1". the equmett mie'te s't PUBLIC UTTJilTlXS. ad I the I ltl" I m-'i I 1 led PUBLIC UTILITY SECURITTES. Bid Asked fOl.'.1 47 4 1 103 ' 50 1 25 45 U - i f9 23' R9 1 ,,n a F9 Pf. 2 ' 95 ' 72".' 20 40 ' 05' 121' "4 1 93 ' 73 I 20! 10 ' 00' 12 93 71 25! 40 I 05' 121 1 93 2'11 25 40 00 122 4. 14 - -"4 34 1 "4 ' 4 4 "'4 "i 4- 4 H- 1 4 -1- 14 4- 4 The ipeonlnllve Ileh, Public Interest in the stock market Tntnl sales to-day, 091 S05 Hlmres Sumo day to date. 10,571,949. Some period 191 1. 22.272. 00. When, a "c" follows a qiKitai ion It Inilli'iites .1 bid nr offer fnr 10 99,'100' 99','lo0' 1914, 211.871. January bares. in si lul 3 711', inv i.'i'-j 40 1'JH 117 IM I '-'.I r.'i ln'i 17 Alt f,',i .. il sllipr , (! lili'AI?., ,0 I'lliot'. li'l Y.rK I PM" ;yi iWi'vllrut. .S.'ia 70 I Wej Hru pf it, WIlielAl.i:. Jl.. 1 WAi.n 1 1: in WAi,i:spf Wl.( entral X: I MONEY AND EXCHANGE. IM 4H tm 1 1 4') M'i ill 4 I 41 ISO :i' ISO 4 ar, The New York Federal Iteservo Bank rates were 4 per cent, for thirty to ninety daj'H nnd 5 per cent, for longer bills, Open market dlHcounts, prime accept ances, maturing up to ninety days, 2 ii 2 per cent, Commercial paper rates were !l M, ff 4 per lent, for mxty and ninety day bills ysij Ki dlridend H3o V'hr a "it" followa 19 a (juotitlon It Indi ao catM a bid or ttttr 100 tot U aUVM. and for four to six iiionlliH Iiohi I 4 ii ii per i eiii for iiilieis, 'I'iiiii, tuoiiov .irteiiiigH line somewhat I restricted, bill iIiiIiiIiohh wen, in, changed, Baton were 2 4 4i i per ci nt fnr sixty and nlnelv iliiys. and lor four months; 3yii4 per cent, for longer maturttiaa. I Call money on the floor of the .Stock llxcli.'inve yeHlcrday ruled nt 2 per t . ; high 2 per cent , low 14 per I cent. ItomeMlo exchanges on New- York: SU ' Louis, pur; Son Francisco, f.lic. pre I miiini; M.iiueapntls, 3,'ic. preinlum; Chi cago, 5c. premium: Cincinnati, 5c. die coiiril: Miuittval, 50 50 premium, ("all money In IVindon wa.s Iffl'i per I cent.: short bills, 24 jer cent.; three months hills, 2 per cent. S'cilliig exchange was eHsler. Final displayed In other ways than simply bv the increase in 4ho nmotint of bu ne'. (lone. The stock broker 1, rem'tnle I almost everv wnlllng moment that the public is far from apathetic, (in tl.i contrary the complaint Is made in nil seriousness that the public's curiosity about tho reasons for the recent rise nnd th" pios-pects has become the bane of the broker's life. It Is not enough that ho should be harassed by persistent customers following blm around the ollli n nil day long and asking 11wUw.11 d questions, chiefly nhotit what stock Is next Koi'ig to net approximately like , Bethlehem Steel or Bock Island The thing is kept up afler hours. Questions I follow him In the subway uptown or out i to his suburban home. They heslece him at his club, nn the golf course o 1 nt tile theatre until It would seem as If I the Mo k market were tho ,-ih,oh,:iiT I topic of the day with all his friends and , Iii'ill,iili1ances Apparent!,- the, sto, k ' broker is to be regarded as a public ( Institution. He has no rrlvicy and no 1 leisure hours when the pnlil'c has , aught j the speculative itch FINANCIAL NOTES. Arn-rlcan (lis Company lonij 101 Amerlcai I.tctit A Traction .1 SI0 American Mjht A Traction pt 10a ltd Adirondack lllectrlc Power 114 II Adirondack l'lertrte Power pf M 42 American lias A lllecttle H ss American (, as A-lllectrlc pf 47 49 American Power A Light . . M M American Power A Light pf .... 00 nt American Public Utilities.. ild 111 American Public I'ti'lllea pf tl aa Ametlean tYaterw inks a lllectrlc '4 "4 American Waterworks partlclp'c rf 1" Americ.in Waterworks lt rf W "1 I'ltles .sendee. 4?i is F.arnlnrt of th Montreal I.taht. Heat arrt Power Companv are r.ot brine ad lersely lnCllenee,, bv tl! war ns are the earrtnre nf the rui'orl'v of other lltllltl reiratlnr In th lmmln'on Tli companv rn riirnlnsra fur the 'nn ,' "' 'b. l'ebruarv '-. in.'", ref e. 1, lt.,-rea nt .'j),ill, viitn an expunsiet. in opi'r.i-:nB . expenses of l4.:3 and a riln In nt errlnif' ef 1171. "4 over the currespondlnu ten months nf the preceding car Fixed charges were but f. ' hlsher Hnd there wa, a curplus afir rliarRe, for the ten , tnontlis of t.' 74S Pen, a ncalnst 11 aur- 1 plus of t:,573 Tit In th corre.pendlnc ten months of the previous y-ar Indications are thn for the , al yesr ended April ia the comn.ir.v wl i show mo-, than 1 I lion.oco ever net for th preedlng year 1 I A re'ltton hae been riled by J D. Tie- 1 tattli with the I'ltnols public t'ttllty Com ; nilaslnn attni-klnie tiie validity of tii 1sus of 1 10.12 1,000 bonds of th rommonw ealth llt'-lotl (''lliipalll rtlltherled by tlte eem iiiJ1on on March 6 The peti-iop aVeres that the cotntnlsslaii ,j, deceived by th conipani Kill that hur-letilrg the corpo-.i , tlon with an additional dt bt aerie, o pro lotlK th .,.f.s1ve rate, e heh, the pe'' tlon chareea, tiie co-poration compe's i-, customers to pav The petition n-k the comml.iilon to take steps to punish he off. Cera of the company reepotwob'e for tie statement, made ii , ornci'i in with lite application for ihe bond tue a, k.'I aa isklniT that the bonds be declared void. (Simsf (CorupamJ Mete 4 79 Demand, In Iiondon, '.'3d . tn New mmieM; 1 qiiolal lonn cables, 4. SO' liar i.ilver Yoik I,n... S'ew , nrk Cleirinp llousn statement. Kxchungcs, J2i'0,3,12,90ii lulances, 5lfi,. 535,205; iiub.Treaeiiry rtadlt halanco, 690,IU. llipurl. from the port of N'w York t tinrted li'-terdll wire J(tllill7! Import. 11 44i. rt K 7 . pit'ti-r Chotite .t Prenitre atinounre th'it of nn I,, lie nf 17,100 00(1 Montreal Tram- Iwiii- ,,t, I'ower I'ouipitlV. l.'d., Is'o ye.ir f, per cent ttelater,, trut iy,H notes r. cemly nfferrd, Irs, than I'un.ooo remiln unsold, and thes nr. niTered at ,0 nnd Interest vle'dltiK r. 411 per .'lit On Ap'll I the Ilrm will piy loai, n e, coupon. for ,i 1 lit, 1 1 eil 11 .110 1, n t ef the notes tni'lir- l',K on thai di., In i buiice for a 1.1,, aiooic.i of ilie n, ii"' ,ii i, it 1 I iter, s ' TM" efl"r Is f rtnliHib',- i, i'l, r nn'ti e The Denier and ftlo Orando rt.iltoiiri Coinii'iny Mnnounce. that .tol, i p lloii'nti I has tisnn eleijlrd aectetari ef lb- com panr t nuc.td sttpaaa Uttla, llii4, Clllc, Service pt M .',', Colorado Power Companr U'l 17 Colotado Power Company pf fx 00 Commonwealth Power. Hallway A T, M .1-", ( (imincnwealth Power It A I, pf fit x-4 Consuinem PCo (Minn) ;,, itisa on1', 004 Dayton Power A Light Co 3.' ', Da . ton Power A Light i'o pf 02 s Denver (, a, A r.leetrle gen 6 ai id illertrio llund Drpo,u pf ri r.) lllectrlc llond A .Share Co pf i4 ion Umpire DlMilct lllectrlo ts in 7.1 Umpire District Illectrlo pf M M ! I'rdernl Light A Traction .. .. 14 1:4 Pcleral Light A Traction Pf .. M IU I (ins A lllectrlc Securities OS T.S I Gas A lllectrlc Sroiitlrlfs pf 00 (iteat Western Power roJs 1010 . . 71 ,1 I lirent Western Power 5s lul!) "44 T'l'j ' Lincoln lias A I'lectric f, Northern (iiit irln Light A Power 10 11 Northern (intailo l.lcht A Powerpf n .,1 1 Nortln 111 .Stale, Power Co ?l VI 1 Nortlicin Mi.te, Power Co pf. oi'v o ' Orall. Pnwcl A W.iU r I., in I Piclllc (i 1, A I.lictrlc 4 14 1 1 Piiclile (.a, A lllectrlc pt 02 si llcpulillc Ity A Light Co 14 I " t 10 public Ity A Light Co pf . . r,74 on -j j .Houihrrn I'lillfornli lldlion .. 73 7.1 Moiiiliern Callfurnla lidlroa pf . no 01 j Standard (ins A lllec .... 1 44 stiuiilnrd (las A lllec pf 11 III Ttnnrssee lly. Light A Power 04 (14 I 'I ennesvi e l(y Light A Power Pf '' "n 1 tilted Light A IDs 4ll.j 11 I in lei I 1 1; In A II), 1 l if 1., 11 1 lined Light A Bya Sd pf . .. i' i,x I 1,111 M CllllllCh 1 U c-telll Powet ,,, '(4 '.V WctiTii Power rf fi''4 i l'v Pax raluc. IM. lEi airtdeail. I ::x-x-xx-:-:xs Benjamin jfranklin) says; j " Lest line is ntvtr fesni tti. 'k iVT0'- wn'c I' temporarilv idle miy be profitably tn- . vested in this Company interest bearing Cirtifieatts of Dtfistt, . which mav be made payable on dr- 1 mand or at fixed date and thus J. kept available for permanent invest- . ment at the most profitable time. 'I r.t.M'.fc.j 1111 Franklin TruSl Cofhpany Ntiv Vtrl 01, t 46 Wall .Sttrf t Hrr-'J.'yt if 6 Mnntaqur Sttrrt C'tTtn (do 1 u'ton .Strrrt "r?V iNCoaeosaTin O OONSULTINO nnd CONSTRUCTION CNCINCTRS PUBLIC SERVICE PROPERTIES FINANCED nnd MANAGED OO Pine Street New York Trustee for Personal Tru.'i Fifth Avenue V i6tl bltetH Nw York niurcioR.s TNCRNT ASrOR. CliO. P. HAKKIt. STItl'lll N IIAKI U. NMC1IOI.AS 1111)1)1 I!. Aor 1 z . ar.o n.cAsrt. W Mil .V Ci.., Aterorjl THOMAS COCIIR4.N, rt. "i 1 1 -c. -. - ,. III'.NUY J. COOIIIU.N. ,. I I.-.I rt. c.coNvr.RSH, 1 t-.l,1-nt JOHN I DOWNRY. Pi' 1 r 4 I itlTJCtl M. PH11. D.SAM, I (- 4. it H Aler.- A- C. ItOIll 111' IVM.ION I. OKI F"" THOMAS 1111.01. V . Tin 1.nl 1'HANC.IS I- HIM'. RAN4.I D II MACDOSXt I'.' Kf Uril-lflt riDdAll I . XI AUMON. n . 1 a , i. .ci oaiis w, xitfiRn,n rr i m. a . , . CBAKI ISA Tl MiOin . I'rf . c " ' i- ..... D p. roxn HOY, -l in ' l c.pi. Tiu.t ' . wil l 1 vxi it iiiKirit 1 I ,j, In,n sr.w viti) punssi n. 11- 1 1 . DAM I I C, 1(1 ID, M- rl if ' ,' '. ' ' DOI (,I M HOIllNsi.v I ,i 1 AI(C:illll.M D D ItriM', I AI.I XNDI It II SUA I ell., 'f ,- CI1 Mil I S I .711 I x"-i et.. . 1 ' 11. k. t ncin I I ..I'ir.i 1- - - ' e, THI ODOItl' N Ml ! ii. Al ill 1(1 )) -n II Mil. I. IS 01 mc.i;ks r- C. CON VI lt.1l . Pff tdf ,,l AI.I .M)I It 1 1 Sll x t Vtif Pfr.idre, HAN.U I) II XI i Di'N'i ice I'ten.lfi,! 1IFNK , .1 Cl'l IIMAN. Vice- Pi midf 'it THOMAS Illl nr. 'ice,'tf iJenl I1AUM n S KH'l ('ariner "AMI'S It THOVi Hi' 1 ' Secrrui y CLIl'IDIlD 1'l xtt Pi. Ai,tu( ( , 1 , Itltcrctit I'm' Daily U.iii-