Newspaper Page Text
r 1 10 THE SUN, MONDAY, FEBRUARY 21, 1916. "RIGHTS" Erie R. R. Rights Texas Co. Bights Detroit Edison Rights Midvale Steel Rights - Maxwell Motor 1st Pfd. (Dividend Warrants) Winchester Arms Guantanamo Sugar Ingersoll-Rand Com. American Lt & Traction Indian Refining Com. ft Pfd. So. Calif. Edison Com. ft Pfd. Information slid Quotations on request Gude, Winmill & Co. MmUtt iVfir Yatk Shc Etthantt 20 Broad St., N. Y. Tel, Rector 8880 FINANCIAL REYIEW OF THE PAST WEEK Storks Present Normal Febru ary Features in Abnor mal Times. REFORM ON CURB NEEDED Figures that Show Investment Merit The Comptroller of the Cur rency reports that from June, 1910. to June, 1915. the holding of Public Utility Bonds by all banking institu tions reporting to the Comp troller increased 38.8ri against n increase of only 22.9 in holdings of atl other classes of securities. These figures suggest strongly the bankers' estimate of the two most important investment elements Safety and Yield. Upon request for Circular AD 85 we will send to investors list and particulars of Public Utility Bonds which we are wiling to these banking institu tions. N.W.Halsey&Co 49 Wall Street, New York rblluMphl Chicago Han Fr.nrtv-o lloMi.n tlAli Imot MI I. mi, IS Professional speculators have hml the stock market very much to theiiielvrs of late ml the market has In cone quenre lacked obvious significance In the way of forces and tendencies. Many observers have professed tlieinaelvei puttied over the selling activities which have been carried on and the superficial reactionary heaviness which hag charac terised quoted values since the rally nt the outset of the month from t!ie ex treme of decline reached In January. Hewllderment has been expressed oer the failure of stocks to hold even firm at times, to say nothing of exhibiting aftfrresslve strength, when there Is to much profitable activity In general busi ness polntlmr to protracted prosperity which might stimulate ft constructive reflection In quoted value. There ha been much comment nlso on the outward slfiis of a market sensitiveness to all the dubious considerations derived from the difficulties of International politic", and hajrty conclusions unfavorable In the structural position of stocks have I been drawn accordingly. I Yet there has been nothing peculiar I about the stock market this month, ' much less extraordinary. Wen- It not for tin' 1'uiopean war and Mm tumble some complication of t!w country's j political relations to It there would be ' a more general perception that the stock market has worn a close resemblance to other markets at this season in pre vious years. The war and all Its con jectural hazards and consequences ' simply serve now as the substitute for the ordinary reasons or explanation customarily suggested or accepted to i account for an Irregularly fluctuating I and ineanlnglew, price movement aecoin I panted by the limitation of trading to J ultra professional endeavor. i formal IVhraarr Market, I In other nurds, there are so man) features of resemblance that there Is no ! warrant for Inferring that Wall Street . lias been having anything else th.in a normal IVbruary stock market. I Winter mention absenteeism from the financial district Im a familiar token of a time of the year when the previous ear' accounts hn.o been cast up ami I settled and when the banking and bul I ne- community has not begun to antici pate the advnt of spring in survey of j the probable factor likely to control to the end of the year which has been , enteied uion. Moreover, speculative , Inanition and apathy In tin- stock mar Vet haw been coincident with contra dictory and ir.ore significant phenomena. Mich a the persist, nl streiiRth of the demand for Investment securities and unslackenert vigor of the general Merrimac Chemical Stock & Rights Boucht Sold Quoted ., , , ,. tuslnea movement which has carried IH'rnplH' t r iUir S'Hn A7yii-( f,,rw.ird enterprise further ahead than in I tnanv a year in the recent past. filhAt I71Sft4 JP. afam Wider seasonable circumstances pro IXllDCrl EillUtl OC IO. I regional traders In stock have found some incentive for operations wnicn ran . , . . .i I .i..tt.. i ftnyr ... minimal . , i . , ,i . iimm men llie snare list H. nuieriii:iiii. iv .. ,. i ...... . Tel John b2IO H.-llc.iiary appearance. The market Itself i ubl(, Hm ((j n1Bncn, nter,,t.. i nus seemeo io n h ntuiei iiuimni miuti ' to an extensive reaction following such a great burst of speculation for the rise as expanded values and commitments last autumn, fundamentally It has dls plued firmness und standard descrip tions have offered repeated resistance to pressure. Specialties hae exhibited some ulnerabliity to speculative attack anil the restlessness of professional trad ers ha Induced them to work along the line of least resistance on the theory that In some quarters there might still be an Impaired technical position result ing from an unliquidated congestion of margin accounts open for the advance. Specialists 17 I'inr St.. N. Y. through Its leadership, -while maintain ing a prudent respect for contingencies, la not planning the future on a prob ability of -war, It I the huslneea of Wall Street to forecast probabilities as nell ns to ascertain fact which must govern business action, and It Is reckon ing on it iii'oti iblllty that the American people will lie spared war's horrors, lt Is persuaded that the country will sup port the iltneiiiinent In avoiding war at any cost, short of the coed of self-respect and future safely, ami finance I assured that no party Oc isdltlcal faction wants to get the United Slates Into the war abroad. Why Potlcy I" ('bulletined. So far as politics ha challenscd the Afltiilnlstiiatlon'M policy In foielgn af fains it has not been on the uniuntl that the Administration should have iWked entrance Into the war, hut that Its nolle ( baa not been siiong enough to I. inure , the roiiutr) agal"st war. Such a dial-1 lengc, as' Wall Street views It, I not lUely to hazard peace. Furthermore, hi estimating the chances of the limes,, finance has duty taken note of tho de sire of the belligerents toward the United States. Whatever may be as sumed as to the wish of ell her belliger ent that tills country -ould be drawn In n an ally. It I clear enough now , that neither belllaerent mint in risk the hostility of the United States. In alt likelihood the elivk market Is to be looked upon as duping Itself for an exhibition ' tendency In the :ip inu.ieh of spring. It ha been struc turally slreucthened by more or less extensive decline and liquidation since the maximum of Expansion was attained , last autumn. At current pi Ice a great , catalogue of shares' offers attractions toi Investment buyers. The comfortable . posture of the money market extend support to t-peeulatlvo position, and further and mure siitntantl.il support is 1 afforded by the extraordinary Increase I of corporate equities; tlirouah the rapid ; Incremunt of earnings under way and . In prospect. Another matter of tiurketwlse hearing which ha not received the attention ' that It deserves I that Wall Street lui" been through a remarkable period of bullish speculation under safeguard which never existed bcfoic at a similar time. The reference ie here to the severity of Stock Kxchaiise regulations In recent years against certain specula tive practices and the rigid supervHon of deallne to protect tln market against tactics which In the past would have swelled last car's million share days to volumes of two or three times that amount at the expense of the public and at the exiense of tho marl.it Itself. r Wall Street I in a piwltloti of comsira tlve safety to-dav It I owing not a little to the new conditions .if Stock Kxehange speculation established In the last finv v ears. (Infalde Market Problem, On this account It would be well for the Stock Hxchaugc to dlreet careful notice to an Important brunch of the Wall Street market for which theie Is more ithun a little Stock Kxehange re sponsibility not sutllclently recognized. The Hroad street rurli market denote" the engagement of a vast amount of pub lie funds and bank credit and hu become altogether too Important In slae and In other relations to continue the more or less haphazard affair which It still Is. Lately the statement has ."leen made of It, with a good deal of truth, that It Is the second primary securities market In the world at the present time. Last year then- were admitted to deal ing at least ib'.o,nni.onn of new stocks and bonds, chiefly Industrials, and this computation of new Issues which made theJr appearance there is probably In complete. It Is a public market for all securi ties not listed on the New York Stock 1'xchatn'e, but It has been a breeding place of scandal and ns a market It High Rules. est. M HAOgoldU. UH I BAOglerg. M J74 Bt)cv4i. U 13 HAO PI, KA WVal S"l ?a Ptna4 , n-i, 1 HAO-iltrx in', 34 nvow.ii,, u !e-.w-Cloi.Nt I lit est. In. Ch.lttch.Low. TRANSACTIONS FOR THE WEEK. it4 to MS d'l-M M ?' - H - i mi. :' in - 91 Mi us, l.'i Mt( m ni tut SHi nallroad and Other Shares. able gives, In addition to tho sales for the pat week York Block Kxehange, their dividend yields to Ik-thill.' . 103' ( lia'j lei'. i KH; I'jj Pi I rieili Nil fd s. . imi; lif'i p:! 'i lfll toif J Hi7Aven, 1001 i M'l loot Wi ii nimtir.iisi inn, up, ion, toi im e HhnDKI 1st I std . . ice, toi . ift'j j mu itvi 4 Bknt'Oni I..I051.' I0P, IOPi !j tOJ'J 103 in nit r.Vi is ioiu ito'i ito'j u iodi 104 i nun . miimi it li i n IS t'.-)i tt'i . It Hi 10l'j Itllj )i 102 0? llS 100i ton - n ii m 9' !.,'- !( M' It tli'4 tit'. . Mil.' III February Bond Circular We shall be pleurd to tend a copy of our February Genersl Bond Circular to invraton on requett. Thii circular detcribea a corapre btojirt list of carefullr xlectcd sranicipal, railroad and public tstitiljr corporation bondi, which wa recommend for iaTearmeat iend for General Circular 91 Harris. Forbes & Co Mm Street. Carver WIHiam NEW YORK w Film Stocks William Webster 45 Wall Street W W Amer. Gas & Electric Co. Ant. Light & Trac'n Co. Central Petroleum Co. Cities Service Co. Pacific Gas & Elec. Co. Western Power Co. Lamarche & Coady Phone 9970 Rector 14 Wall St. We Finance Kliclric l.icht, I'owsr :iwl Slrrot Kailwny KiittTiiri.-c-s with record of I'stablishcd rarniiiKs, We Offer llnnliPM iiinl liiM'slincnl Dealers 1'rovcii I'lihln; I'tility Sui'iiritii's (.urn imiuli iter Snttrilctt Electric Bond & Share Co. trlrt.ui C'niilml A Siiiidu, -,,iki i.iki i, 71 Broadway, New York Exaggerated Pesslmlam. Wall Btreet, In other words, having found that the market waa not obviously Inclined upward at this time, lias sought to compel action if not motion on the downward side, and an Interesting symp tom of tho last week or so In Wall Street ha.'i been the growth of an exaggerated speculative pessimism which represented a recoil from last year's prevalence of excessively credulous optimism. To promote uneasiness and concern which might Issue in an unloading of long contracts Inordinate use has been mads of the cloudy phase of Interna tional affair.. The new angles of con troversy developed by Oemiany's latest proclamation In respect to the nature of Its submarine warfare, with an Inciden tal bearing on the Lusltaiila ease, have served the purposes of speculative argu ment for the decline. So also have the prospects of diplomatic dinieulty In volved In the allied treatment of the commerce and malls of neutral nations. The projection of foreign affairs Into domestic politics, dlM'lo-ed n inevitable by the comprehensive speech delivered the other day by Kllhll Ituol, has added to the conjectures of speculative hear Ishuess, but still It is not obvious that Wall Street aa a whole has rrgurded argument In this direction as morn than an Interim diversion of professional spec ulation. Now there can be no doubt that the Influence, of uncertainty in foreign affairs has made itself felt In financial circles. It has helped to temper confidence with a proper and salutary degree of con servatism, but the reglbler of confidence furnished by the stock market has shown that diplomatic tangles have not been taken so apprehensively by serious finance as by speculators seeking to cover short sales at a profit Were there nemilno ami Importiuit apprehension of an unsatisfactory outcome of the va tlnus diplomatic negotiations which Washington ban on Its hands, ipioteii values could hardly fall to show It. fur Wall Street is not for war, and hopes the country wilt keep out of It, allhougli the pacltlHts at any price viciously pie. tend that finance, favors Intelligent pre. parednrss against war because It wants war to come. Desire Path of Penee. The exact attitude of Wall Street l ipille otherwise, defining Wall Street to mean the whole association of Individ li. ,1) nH InterestH nil over llie fniintrv ulil.ii la summed up III the lliiamial markets. These markets as such, Irre speellve of the sentiment or opinions, of the persona whose activities make up the maikets, deslro that the paths of Die country shall l the paths of eiicc. Nor Is tho statement any uioio Iruc In lespeet to avoidance of the un which kaiU to the shambles In Knropc Hum of avoidance of war In Mexico. Kllialiie mid cmnmereo can never bo ciniv lin ed i that enduring prosperity can b based on anything elso than peace. The Euro pean war cannot make for Hie pros peine of Ibe world us a whole, ami even llieaprotllalile advantage which aeciues lo mi economical!.! sluing eoiintiy like llie I'idled SlaleH, through llie oppor tunity lo pci-fonn iicie;isiil economic scrviie lo civ lliatlon, will be saeilllceil if we oie iliaun inlo llie aim of war Wall SHeil does nut on these accounts oppose ll'lf lo Ihc cotilsoh which des perate self-Intel est may unhappily re unite, but inking mailers as 1 1 icy stand, lli Judgment Is for peace as long as It can be patriotically preserved. Mine than that, American flnanca. Whether or not It continues as a market In the open street Is not essential, but the better organization which It needs might be facilitated If llie unlisted se curities market were domiciled some where under a roof. It Is not essential. It I even dangerous, that It should be a market In which anybody can act as broker or trader to the extent that he can get anybody to deal with him In any so. called security which he offer lo buy or sell. On the contrary. It is very de-lrable that such a market as the lit nail street curb market has now become hould be subjected to "iitr more efllcleiit regulation and supervision of members, securities and dealings. Task for Stock Riehangr. In the premises the Stock Rxchange. either through Its governors or through the Association of Stock HxchHnge Part ners, would seem to be the proper body to undertake a movement which will render the present curb market and Its patrons less a piey to the crooked exploiter of public, avarice or Ignorance. It wa developed u tho report of the Huaiif.i commission that " tier oent. of the orders execute,! on the curb came from Stock exchange houos. Mwl of tho new Issues of tiny value which mako their ainiearanee. on the curb am pro motion In which Stock Kxchanue house are Interested. The Hughe commis sion held that the Stock Kxehange should and i-ould assume a meaeuro of responsibility for the cijrb market pro portioned to the relation held to It by Stock Exchange hoime. and It can no lonser lie urged that a inoie formal organization of the unllslid secuiltlw market would destroy It by culling on' bllMnes of Stock Kxehange houses. Surh a formality of oiganlzatlou is particularly needed for three specUle pnrpoes, One of them would l to sot up some barrier against uimualltleil brokem, Another would reull In more careful nupenislon of the M "iirltles ad mitted to dealings. I'erhaps of more Importance than an thing else would be the possibility of affording the public a protection which doe not now exist In rcpect to transactions and prices. The most complete pulill.il v which It Is pos sible to obtain for all the dealing In the curb market would be none too little. As It Is now the reais of transactions aie fragmentary and all but valueless, tw -I ut op, n w, c 9'i M'i 100 !'. OV.'i ICJ ' )U7 to:'i : in, I9U to IM tt VI ) i: 41 :; : tlH II t' 5)1 5'j I04't !i I0J4 10.", Ml, 1'i too a ii The follnwt g range of stocks on tho New culated on the dosing pale or bid prices on Vrlday night! ttlT. yield. 4.0 I and cnl- Stocks. Adam Kspres Atasku tlold Ala-kit Juneau. . A1IU t halmer Mfu 7.4 1 AIII I'lilmr Mfgpf ;hm Week ended fen, (1- fale. )llli. Ixitr, tiolns. Change. i:Ka :trn4 3". I0J', -I- , 10J', IM?, t'l H4 103'i i no n; I0J', tto, ici ic;i, t'i t."i Ml IK It nc. icr, lo,1. if (4 lr deb U. n 16 llavhlrr Ji., tl i3) llu.ll T HldK intxidii. i m j i ni t;jf 1 llltlTert . ts' IS',' Wi Hi Hi 31 lal limt l; - .... Ill, 4 Cenlia en 114 t'l.lhr lv .IC.'i, It on Cent I'ac lt. II w t'cnPacJij. . iU I t' It A B Co I la is. . A . tS 1.4 ( Illlof.VJ Silt 5 fentvt 4t... ttH Wi to'. I (ii,tn fd.vi t: v; -t I I'AIH'r V .V, M ni tfi 't f4 I'.IIMi,. H'i 111, (.,( ij C! t'AOcr . i t.fj S7i , i liui.t i Mu ndy l H n l Mt.VAItSs ,st, , .!, : C'.VAIl 3l,v t; 44IJ u'j'i J.9 I H,4VJl,t u '.) I, , !,, I, 6 fluty Jnt 4 ret. . . . t'i IH'i CMi I, tf 1 MOiim a 4I, (4 (4 II CIUUM4. ton Mi IS, , II CMCJII 4 . til O.'.l. 0 XI. 17 ClUglJIj. hi; 16i, JPH.tylall J.j dl,llj 4 t'IMtl.Neh 4 Vfl, f, ill, , I hi A K III con (in . . icj ICS lej J t ill 41 . :i :. si t, 7 rtitf.'rlclt.lli', ht, IW, J- i I t h I..T.U (' ik, 103' , tr;. , ; ll i.iitiitV4. , :ri, :;i. x i: .1 I'hliuMs 4- hi, oi i I ri.tljnili3-.iM lou 3 I III MILVI'llK Soiiml is op, op, St' M o l I LakeSup. lor, IM',' II C M . Hi P C.tPW it.Ui i.-'4' e fMitsip cv - .in -n? it;, - 47 CM.tStP cv 4'j. .. .Itl'v H0', IIO',' -Ml V M A SI I' Kill 41-e U4 II Hi IC3S H I. M . M I' fd 4',.., .. (4'-; 4j 14', t I'M.!' 4 r 9:'j o:, j;, :H'ii at i deb 4 . . ti'i t:i !',, x I UM kiiiIH IIC 116 7 I iIMV deb 1 1041, 104'j 101), ICIS W Mil sprits a., t: is i: - i; 10 L A ,NW gut ' . ft', f4'v 4W - i ll'i I4! I'ANVV kiu 4i ulrapd. . 14', 14'. I r.tSWei I, ;', yp, II t'hltyi tut ii If, '', I ritt .t P Ity o- . io:j, lojt-j lo.'', H lots ioj it l ltlitl'lljr 3 471 17 l CltbtPMv 4t !S 70 CHMP if 4i 17!, II', 3 Clll A I' Ity ,.Utll-l 4V, 4Vl, 4P -l' si : ir ji.i s icj'i irjij Kit, - ; ioj io;s 8 tt wind anion',' ini, itt,', , io;i, ic4i, U (VtWInd 4. sol, 7U:, 7", an, 7r, i.' Chuei'op?, list, tin, 1:1 -;t- u no', II Chlnee(iuv :', 71 ;eit 3 I'lMlxtCti. IP, PI', 91', f ', HI, Vl( 3 VCOA St L an 4. . 7I' 71', 7.,' - ' l tl'i 3 C V CA t I. I'W.t M ... 77 77 77 77 77 ; ('UtW lt .IU7IJ 1071, 1071, 4-1 7 cierfl. Hi. 1014 ion, ion, - 1 3 Colin cit j.. :jt. tji. 1 7 Coi.o4... . n'j ii;; n, t'j iji; 1 ColSex 4'si. H'i M'i M', 1, lh (' L'stile . rit 70, 70J 7ol, J', 701, 31 ton lia cv . 173'a 1.54 113 -If, Wi IJIH I Corn Prod J tin tl ti tl'i x H 11 Corn I'riHl 11)1 loo', loot ; ino'i 1001 j 3 ( uhn Ji 04. v', l'i ti'i ,'i n'i 14 Cub A Ml e 107', lo:',' lo.'j : ciimbTi si m tr, wj,' 31 I .t Hud ii rrlsfpald lo;' ft', lis", - 'i 1(4 Kl 7 Pctllud 411.1011 j 10P-, 101', , IOIU lOOfi I lirlitll cv 4sl0C', IOC, IW, I, !L"'j lK-i 11 ixtii rer,,.. im, 17 1, 1114 I ltK(lr4i . :'i ;i.', :i, -tl', 7in, 71', 44 Ht It Or rrf s. ' 'c"i pet KdUn 5 in 10" , 3 Ibt-Kil fdSilol', 01', II UrtTiiu l'v. I f . HU II Ilrltr 1,1 4',. 7; , 7 , 15 DllleeCor ; 7.1 '.;", II I lull I It ii lO.H, 102 4 K T V .1 II con . 10:', I0!, lo;i II Ki V.tiillen.l0l' , loot, 101), 1 I Krielicn7.lll 111 111 I.' Krle fdit 7 llii, tin', Ills', ', 111 31 Erin Itt con 4 H), ii .0', i 31 Erie cv 4 erlB.A. : 7lfi 'I'i tl Krle er 4. .erlei II 10 7"', 7 I'i I l'llr-1'a Ccul ml 41 . m IV, 'l", f , il frlesn l '.:., 0 ', 1 670 1 Itt nw I'lO no tno 3171.) 130) 13300 70D 1500 ID IH 4IHI 4410 K:ir 700 10 HI 111) II',' f7, I.'. J.'i in '7i ' 3f, II I7tj 41 17 tl'. 4? 41', Ml, US 41', 107), 1071, 1 1011, 100', i W 741, II Ml, 1 N te.U io:,- 101 ' 10) 11 Am lleet Sugar., O.IIH Am Hret Sua pr, . o.B7 Am Ag Cheni r. . (1.1 7 Am Ap Chnii pf. 6. Oft Am Urate ct 4.Uii Am brake ct pf., Am Can C.IIH Am Can pf !4.8H Am Car, V .... n.g Am Car A Kpf. ... 4.1 H Am Coal Prist II. OH Am Coal Prod pf... 7. Mi Am Cotton Oil U.OU Am Cot Oil pr 4,10 Am Kiprewt Am HldeA leather Am lllde.t I, pf. . , Am Ice eeur . . . Am-I.lie.rrtl Am l.lmeed pf Am lioeomnllve. fl.Sd Am Uiititnotlve pf Am Malt Corp ., (l.'J.x Am Malt Corp pr. il.UH Am snichlnir U.'JU Am Smrlilnif pf II. AO Ata Smell Crt: A 0.7 8 Am Smelt Hec tl H.ft7 Am Hnuft .. f.7 1 Am NnufTpf Am Steel Kdy. . . . B.SII Am StiEKr A. 1)7 Am Miliar pf 7.1IM Am Tel A Cable . II. a 8 Am Tel,t T. . . g,!IM Am Tobacco ft. HO Am lob pf new Am Vi'tHileo et , , Am Woolen pf ct Am Writ Paper pf. American Zlnr Annrond ,seu ll-jialion. AKixiatrd Oil Alih 'I A S V A tell T.t M K pf 4j.AU Allanllc Co.. I Line Paldnln Ik-o .. H.-tr.' Haldwln txsro pf. ., ft. 7 II Halllmore A Ohio , a.L'U Halllmore A O pf . , Ilatnpllai Mining Hetliliheni Steel ft.118 Beth HI eel pr. ." ,'iO H F llisslrieh 0.1 9 li V fi.lrleb pf 0.04 Hhlin Itapld Tr 0. 1 7 llkln t'n llai tlrown Shoe 7. UP Hnin Shoe pf Prun.wlok Co. . . 4.4-1 lluf It A P n, I ti Hiini, liros I O.U llutlerlck Co. . :t.2'J Putte Superior Iltnh 'lermlnal. California I'eiro . fl. Oil Cat I'etii pf .1.1'.' Canada Southern ft.P4 Canadian Pacllc. 7.30 Central l.etlie- . 0.:t8 Cent Leal her p(... 4.44 Central It II of NJ.. 1 he.,pake,t Ohio tl-i Chi A Alton 1 til A Alton pf 6.4 a Uil.4 .Norllisr- 4. HA Cbl t orth pr. . Cbl lit Weil II 4 1 hi 1.1 el pr. . 5. -J7 Chi M it st I. 0.4 H Chi V A St V pf.. U.OU Chi SI l'.ul.t inn. 0.2 8 Chist Pit Oni pf.. ton I ilft3 OJM U-lla 'V.iH !."i.'4 IfM tl tl t)U- titi :ti:u no 8'JU 8t)5t Hllr- 7IU 1IIH4 71 llftlj tlftlj Uftlj- 7 I It lilt's 70U- 118 118 P8 1 1) I Is I Otis lUlls- 18 1 184 184 - tlllll llllj 117 - I I I IOIIW 111 4 72-1, Ullls 01178- 00 1 I 8 I I 7U 118 34M 17 1 10 0 101) - 410 I 1 rllj I I 8 1 1 H 1000 ftoli olllj A 4 :t f- 100 I 00 I 00 1 00 14 la IU l I I Vt ls 0 ' s ni4 I ll Is IllKheal. Jan 4 I ft4lj 7 7 0 3 lxtwevl, I'eb 17 Itlftlti Jan Jan leh Jan Cell I'eb Jan Jan Jan Jau Jan Jan Jan Jan Jau 17 Veb Jau 1(4 101', V. IW), C 44 I. en Klec fc, 1(4', 1(4', 1(4',' LAST WEEK'S BOND MARKET. High- l.PIn. Net !0IS Itilea. est. est. Ing Ch.lllgh.lsju. AdamiK l. M', H'i Ui M J AlUtsu Jl, it'. l7', 'i 7, !' 3AlliVeW4 M'.j Jl, .'!, f- J , IJI, OJIj 31 AniAxrii! Co rvls. . IOJ-, 103) i 10.", 101 103 It AniAsrlc Co deli Ah. ,.'.' P ( ', , 17 II AmColll S 17", S7',' 971 j 071, I8' IK AmlltLAi.. 1041, 104 iri 1(4' , 10.11, 3 Alee deli .. 14 SJV-; I7'l - 1, kij f7PJ o; ASmSet; e 113 111', III', - ', Hi 110 III Am T c T rv4la. . let.", IM' , ici, ', ins to 130 ATtTcvi. KOi, 100', 1(0', - , 101', 1001, llo Am T A T ell . o?ii 031, tu - n t3' Kili 4 AThread 4 k', '), IU, n'i 91 T( 7 AmWrliP 70, 70', ;rlj 71 eU 3l.'oAnslo-Kr Sa. It (4ij 114', Of, !', 31 AnnAr M 41 H (4 i4 - I H (4 Aruliov in. . 17 13 ti tl t! m Armour 4l,. ti ', It f ', 01 ojp, 13 A T A H V cv is ion j 1.111, 10114 ion,- muj 1 A T A H I' rv I- 1141, I' J', I .11, f, IC7I1 I .'lj II A T .t H K rv 4- IIM (t', 1(4 114 - 'i lOl'j 114 511 A T 1 H K an 4i. , IV II' 17 A T A- H K lloek.Mtli 1; I AT.tsKaitt is -ii I A T A H I' ai 4 rig -7 7 IS AT it SI- ad 4sld , li, 1 k 1 , Ml.t Him .M Ml, 711., ki. t 111 AiCoa.tl.il: ., if, v.", 1-1, v:, st I 41 Allli.llliil. V3 13, l.",-H 14 I.' t All O line col lr la... II 17 IT , j llf, Wfi a 1 II' , 14 I 1. I '4 sa i 1 .' S7 M'.j I (lint:iic:ii,i 791 37 (.ranliy Mm ev ks rr A. to i 31 (iianlt M cv i ser A sld lit' I l.illlap i'- 'i", 11 lliKallsp is lei J0 lit.Snr 4',i n', i lilktWdli II ll, 1 llav l.l II) ens- II ','S Ibeklnit al . . . I V,' 13 llud ,t Mn lie SkM-r .V 71 71 llildit M adj. 31', 4 IHC I III Jen 5- 103' i 103 III Cell rr It 1US . M , M'lllCenl.li',1 7', 43 IINu-cl i-.s.. 11.', 7K IliilSteel 0s P3'j 64 lusCnni Co I I V 1037 1 'J 17 Ills Coll Cop ev ts 1311 191 310 Intern l T rri, ti) 9 ', 1(4 Inter - Met col ir 4I) 74', 0 Int Aerl : 13 IntitlltN lit tv; 4 InlPaper Is 10) M Irsil'mp ll .Vcifs . 171, 2 lowaCen ll )', 10 loHaCen 4s.. m 31 Jap l')s . li' , .1 Jap 4l,i 3d 443 Jap lljs tier- mall sld 17'. IT .tup 11 tier sld Ml 71'' j P', ; , itt 1P4 103', 101', 1014 IM VI .a 711, ?:; em loi.'j 103,', 10.'", 1031, 1011, 100 III 110', uo.'i H'i 7l't TS'i lih io-B 73' 91 10:', nt', 1 ', ioj'. 101 ii, it",'-: i', in' - ', 9". - ', IU''', IDOL II'. II nu, V t VI II',- (7 :.i ji1, o", IS'J :.i 73 .I'l" "O.'i 'i 103'J 10.'.', i 111 fLj ', 7' ft', 9'"i 10', i l'3'j I0I! 171 It'll 111 3 5 9 ', - ', 14', - 'j 7" ', 7'i I 'i 10.' 93', Ti'i 4 71. fl P7 I0JI, 103 Ml, 141, IJ'-j kl", 57 H'i ft. I- 'i J I i r ', .31, I.M, I'.". 77, 75 51 l' M 7SV, 73 71 l ll,", 71" , It', 191, II 113 CI Hi, ill1, ' w , II I 3 IJI IM, 44 m, hi', 1.7 r.i 4', 11 u 71', (il ui 70 tl'i no-, i7tj 10 KCKUt M tunc", no', no", , 111', icti v 11 KUriHA M 4s 17 I hl'rirl'uc l.l tl : KI'MiirJi I.I , 7 Kaill'o3l ,li, All liaiiC ler Is S', It.' I.k -Slcel 5. I0.M ., I00, I3'J I.k SI eel Ji I M0 . li', '.' Lacldas I 113 3 Lad (la of Ml.rfg is-IOi, ., V7 LSrt MS 4s 34 0J, 11 I" l-Sit M4s3l Vi V , Wl I.Sft MS 31,1 ,S, HI, II LihVal I'to ICI', Ii I'. I U'aAi.tl'av I'err.t 1st 101 PU I.' .lift M 1,7 l.i. , 7 l.'s.V M 5. 113', I .1 I 1)1 I" .'1 -tlllj II I I.J III) lilt-, li'i'S I:i .1 1 H7ia nt". l()'J4 lot Ill, H.I, :t:iij n:ij M701 I Oillj 1 1 1. Si l ll'JJs 9") I I'iSj I I Ha I i!i.' i-to n:na tin I00 87I 87U in -.- 1 :i 1 liina- 4 Hj llllls- !() - 83s- :t:ti3- uttij- 87ls 100 0715 ft4t3 64-Si- tson I IMIj I 12I3 I m - Mn I I 7-i 1 1 ll 11 7.14- 3J0 H8 68 08 430) ia7-i4 ta7s iy7.i- 7"10 1 0 812 I 8 8 I 1)4 -1100 I (181 I 01) I OH .14 H. 08 a. 8 1 4.1)4 i.'OO r.i.n 100 9:h t7.'IM too 10 i 43)0 ftO 1184 l!JI) 8 11, l''3l II I17U 47 117 113-lj 7,-.ll SSI J 11 till I 1)3(1 II 8. ' I li-IIOls-II - nu -10:1 - I O 1 7s e I (III 8 87- HliHi lOliSj I7!0 1 t) I 7, IOI too I I Mi 1 I Hi I I Hi IIP10 I I .) 1 07l I DDI-J IOP 11)11 8IU1 87 - ",.'14 7."iVs J '.'Is- 4ll8lt 47Pli i::t 1:1:1 - I 7'S't I 1:11.1 I 1 i:tij 8tll2 8-tn, hlHi 100 ? IM0 77 4WI1 'J-1, 1J00 4 701-i 400 I 4 O 01 7!I3, no 9100 U 'i l2 1 1 "a h 4 2 N ' 12 fs a U ftia ti 8 II Hi nil !4 '1 I Ij l 'I 4I. 1.M Hi l 81i -I u U(H2 1014 :i:ii( 8!l 7I4 Oilla 7!ll 1)1)1 io:iii I l04 tl 4 'U : 1 i:t78 3 78 13 I I 8I4 II 1 7&7 Feb IS 1 I lilj Jan Jan 17 072 Jan 100 I 401 I !J ft 7 :i Hi t:iii HI) 10:1 D'4 1 1 its 1 1 4. u:mi H7ll I 4 87s 27 I I O 4 Oil, I 1 I III) 4 1 I S:4 14 1)8 I'JSli yi)l'4 t()8li ftlll P8:l I :tij 844 II a 1 I'eb 11 I'eb 15 Jan 13 Jan 34 leh 1 Jan 4 Jan II Feb 7 U !J0 7ftla 0 134 1)4 07 tltlTg 07 I 01) ."212 ttl3, I Ols .':i t'7 I ou - I ill 8ft)j 8ft 8 ft CiWiO Wl 7300 "TO lfV) 1147s Slllj I I tl I J I I U'3 :i:i iifti, ft8N socio 1 7 ft I .DM ftftl, 7V) III) :iiij IIV ftH.V, lillla' I xi . :t 1 -us." OSes I iiuii 1 11M., -ft: 1 ft ft 101)1, 'HPl :v 1 '.p.-'s 1 L" IOJ l" 1700 I :i :ni 'Hi' 1 vn I -Jit n:i4 1 -.'8 I ou.14 ii 1 7, - It! Ma I ti l, I. -.lilt. "it, -I tlhis 4li H! IU Sli IN Is .v. ctiiiti.tr.- 1:00 mi 1 s."i in.', - Chile I "upper l."0 ami at - 6.81 flilno Copper . 70l HO .'ill', ftlili-t- C Ct'A St 1 3M -to 10 -tl) I- ore st 1. pr . im 7:1 7:1 ; :i 0.00 liuett Pealnly . 1C) ". 'Jit 7 Hi VJ O.ta Cluett I'eslxKly pr Col Kuel A lne I'.OO 171;' -l -l-sj 1ft - 171 lift', r."-u a aii 1,10 lllll.' 3il Ml. I'O 1 07 no 1 1 05X) 8!l- IJ.O II ft I7M an i ' I ' I .a:Hs 1 u it an IIM, I :is SSI . tsl, I inn. am,- 10 lift :i8t ft4-'i 17 : t 1 I :i t ft ft 1 1 I 'J'.'Jl no 1 a Hi 1 a Ha s; 1 1 ftis IPV) 1 7 1 310) -tsft V HI I I 1 IM 1'S i'.n I aa-'i i?n ma, 1700 1111 7vo a 1 1 im 1 I int en 1 1 -, I, I o. i'i r '4 - I,' 1 ICS 1'Jl'i I ', lt'4 I I 1 101 I 7 1.1', 1011, 110', 14', '.'4' Ml, ll l! li'J'. I.I', mill Co 11 (1 11 net un .'(trrafh J'iic, Col ,t Souihern col A so 1 pf Col A So 3 pf Com Tabt II tv ft.aa cnmi 4:0) 1 - CO F.leeiric . - Corn I'rcid fief ft.'!!t Corn Prist Itefpf 0, 1 11 Continental Can O.Hi) Con Can pr Crea Carpet Co Crnrlhle steel O.ai Crucible steel pf ft. I it Oilian 4. Suiiar. fl.MO Cnbaii A sU(ir pf. ft IMI Del it llud. I"" 4.:!0 Del Lack t VV . voo Iieuvint Kin ' iV) Den A It li r -in 7-!lil Deere Co pf .'M ft. 8 4 Detroit t dlson t"-1' 0,8 'J Det l ulled I!) . . (!) - Disilllers s ilr. , 1 7 1 1 , j ft.H7 I tUiiit.iii Matrb .. WW , .ill) Dome Mines. . . . CIO) Did S .t A ... Dui s s.t a pf. . rxi (1. aft l.ltrtriv Moraite II . II) trie . . . .if.. i:;v I re 1 pf -.sn r.rieSpf Too Fed Mln.t ni-ll 1 00 7. ft ft Fnl M ,t smell pf irno ft.8!l Y VV Wonbiiirlli Imio ft.t) I I" W wl nor lb pf. U, 1 1) lien I'hrin Co ft.a-t (leu Chen) Co pf . 4.7 4 lien F.leeiric. Dm lollls. . . . 0. 1 4 lleo .Motors pf ti.fttl llrnnby ft. 8 0 (It Sortlicni pf . 1,1 Ni, (l.i- elfs . liriTiie Caniote,,. . liiUKetihcliu F. . 4. ft 4 Harvester S .1 11. 1 4 llarve-ler .S .1 pf. . - llarvcier Corp. . t-.il ti,8ft Msriesler Coip pf., "H tl,:i:t llnviin.i I Is.'. ft.JIH llniiiesUke 4.H'.I Illinois Central 7.0 Ilaplratlmi Com C. 7.(1 Int Asriciillural. . IV Inl Aarleiillural pf I (1.4 7 Inl Nickel . 1016 0 ft.ftd Inl MrUel pr - Int Paper. "CO 4.!lft Inl I'jper pf. . ioiu InlerUiro Con liCM H.OM ImrrPoro Con pr. "fli Inlerlsiro Mel.. . .00 Inler Mel pf 8. a 4 J I Case pf inn 7.ftO .liillin Knyser H.il I Jul Kay.er 1 pf Kan tily So 3110 O.fl I Kan City Supf 700 Keo Dei Moines. H.ail Klnaii'o I.. A P. . I ark Sleel -14f.O 6. 0 7 Larlede (la Uke Krle, V . lake T.rlert U'pf.. I ee Tire . . 4.7ft l.lKartt A Myera. . ft.8!l Llmrll ,t M pr. . . '-'on 0.4 0 l.ehlali Vjlhy 30-) - bona Island .... 310 - - I oosc W lien . . . 7.7 7 Loom- lies I pf 1 00 - - I nose IV Ilea pr . . Ill l 6. 1 II I orllli.nl i'nli ii) .'I.IIU lirlllard Tub it. . . -I. IO MitiUit .Sash 11 i ll.ail Markay I'm ? ". I ft. 07 Maekay Cos pf . . .ino ft. 1 1) Manlialtau. . . Il l il.77 Manhattan Slilrl... tl.48 Maiihallan hblrl pf l"0 lllll Marine rt. . . . 611,1 I 7 1 J Marlnepfel .. :il60i ft Ma-xwell M0I01 IIIM 7 I h.lia Mell M I pr ... .'.Ml l,hl, - Mat well M3pf . 1 1 mi ,V'! :i.8ft May Drpl Mures 4H ft ft 0.8il May Drpl Slon.pf "ji loft - Me pvirolvum.,, (UU) llilla Ilea Petroleum pf., thi (JOIj I'Hi :ia a I is 1 1 ft i'i 7IHj 1 1111 t 1 7tll 1 1 a 1 oft 1 ft 1 aa:u 0 I Mi US 1 an 8 li 4 ill.' I 1 1. VU a in. I II lift :iiii 1111 :in.ii ft 1 am . - "a 1.' i t :t s - a 17 1:1 tis- ns i 1 u Hills. Sll l I llll 1 1 Ml 1 l;ti, 1 lift I I Hi I llll I Tr i I 1 :i ua I ai"; 1 -1 '.s 1 a 1 1 1 (ii, lit 711 1 07 1 ft 1 aa:ii 11 I si, . l'HI I .to SSIi' llll , ants I I) lift :i7i, ft.t -1 ui 1 1 a 1 i'-'Hit I I 4 : -i -17 1 - I 7 8 III 1 li:tis I an H Ifti, -17 -a I :'i I I I IHi I I 7 1 1 711 I ll, Hi .si ) Is :' I I ! I II I 'l 4 7-S J I llftl ft ft Is I Hi 17 I K I mil. 4 ft a 1 is 11 1 '1 in . 1 ni HI I ft h l I 1 ; I (i:l-'t I I il'. a 1 nftii i ' I 8 I III2- 1 ' l l Is -Sftl 8. "lis 8. ,; ll I HI) toi 1 mils 31.WV1 ftil f.OO "Jill I an llll 7Hi't I (III ft (I '.'Us H1II.S ft'-"i 1 a 1 1 1 7 81k a !( unit ft ft I lisu 1 a 1 1 1 H7 II' Ij aftaiiaftaii a 1 7113, a 1 1 1 im 1 a 1 1, s 7711 '.'I'd IHI III ft IIISlsl I a:nj 811 17 I aitij 8111- 117 1:1 ui 1 1 aula t iiiii. 1 Oil liia, 11 .Hi 11 Hi lhN ftilU ft ah no I n.'u "1 III N lift' h i ftnih ft ft I U II j 10 II.. 104:11 nid vi ii i) i OlHi- aii I H aij s ' 1 :i"n 1 ai 7ii ii h I'I 'H I'S Hlli 1 ah dS I Feb Jan Jan Jan Feb Jan Jon Jnn Jan Jan Jan Jan Feb Jan Jan Jan Jan Jati Jan Jan Feb Jan I'eb I'.l) Jan IVb -latl Cell r.i 1 J1.11 j.m Jan leh Jan Jan Fell Jau Jan Jau Jan Jan Jan Jan Jan Jan Feb Jan Jan I ell Jan Jan Feb Feb Jan Jan Jati -Ian Jan Jail Jail -Ian Jail Jan Jan J.111 Jan .Ian Jan .Ian .111 Jan I eh Jau leh Jan Ja'l Jau Jan Jan .Ian Jan Jau Jan Jau .1.111 Jan .I111 Jau Jail Fell I eh Fill I eli I'eli .Lui Jan Jan -i,in lib Fill I eh I i ll .latl Fell Jill Jan Jan .1.111 .1,11 Jm Jan J.m I vli IMi J.111 .1.111 J.111 -Ian .'.in I'c'i .1 III .1.01 J.I I, Jan Fell Jill Jan .1,111 J.m Jail J.111 Jan Jan .1 01 .1.111 Jin Jau JlOl J.lll .lllll .1.111 -llll -lllll Fib .I.Hi J.111 Inn .l..ti Fell J 01 lib Jau Jnn Fib Jau I'eb Jan J.m lau Fih Jin I eh 1 ill J.111 Feb Feb Jan Jau Jin -Ian Jan -Ian Jan J.m J.111 Feb Jail Jan Feb 17 I Oils Feb II 184 Jan 6 0 07 Feb U IOOI3 Jan 31 uaai 1117 11 1047, 3D 1 10 ii am 3 M 31 30 li 13 II .1 II 14 .11 11 3 11 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Jan Jan Jan Jan Jan Jan Feb Jan F-b OBI. las 07i 48 aft am :iu3 (I03 lOOIf Mil :ui 11014 I I Hi a 8 ft -Si II 14 87R 17 108 :7 on SI 1 loss 11110 30 IKItl t lam. Feb It 188 Feb II 100 3 77 ( I ()8ll 10 I O Ps .) I I ft 3 i I 81. 7 I III) 4 till 1.1 81) 3 :i, i .tint a I 4 ft 3 7 01 a I la.Sj 88 1 :ia ft :t oifi, 1 1 PIUS 87 :i 1 0 47g lai 1 a; 80 ft8S 1 8:1.14 ft nu 37 I lOli 3 a uo J 1)07, 7 I Oil ao 1 :i 4is 1 7ft 1 ft. .'111J4 1 nau .-. 1:101 i 1 an 37 i:in an aft 7s no I7s 71) 1) 1 1 a ft:i :iaii ftft 48 ftai 1 441, 1 1 ft aft'i 1 n 1 i S'.l'l I ns t I !', I 17', aii 1 nu .1 1 ft 1 1 1 1 Jan Jan Jan Feb Jan Jan Jan Jan Jan Feb Jau Jan Fell Fib Fell Jan -tail Jan Jan lib Jan Jan Jan Jan Fell Feb Jan JaD Jan Feb Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Jan Jan Jan l.l. I'.li Jan Jau Jan IVh Jan Ft 1 1 Fib Feb Feb Jail J.in Jan Jin Jan 42 04 I I nfta 8ai3 1) oa IOI7s 4 1)87, lllll, 13 10:17, 3 K1711 8 0IJ 7ft1, 1 1 ft 1:10 07.14 I I o 8 4:'4 37 1 :toij PI ft (11 3 lift's) O-Sl out 811 2 07, 7 I Oil a7ia 07Sj A8lj I 00 ft II3 10878 3 a 00 31 ilOla I Il)l2 f ao 1 a8 1 7 11, 1 ai, :i t iia-U 17 I :i -ii 14 it. 1 11 I Dir. yield. 10.8 mock. Hales. Miami Copper. . . . 53411 Minn AfltL Week ended Feb. lt lllxh. low. Closing;. Cham. ft. 7 8 ft. an ft.il il t.a t 1 an I :in 1 ui. aai Mi :io 7n 7 M; I I 0 -taij a7i4 ft I 48 44 lib IT I Mil I' -J . -i I II li I 4 a t 1181.1 I III -stil.. .. tl, I IIS am.. 11 ii i t -1 4 on 3 .1 'i . 1 ft 11 1. : ft t7S ; :tft ft 71.. 1 afti-i i 1 a4ij : :in. 1 1 11 17 I 7Slj 3 III.') 3 I I ill." IC l'l 1 1 a 7 1 j ft n't a I', 1 1 a-' 1 1 i'ij 78 I 118 I'll I 'Jnls I nulj 17 a i)7s 7 1 . 1 i.'t nil 1 ais ft 03, '.' 1 In ami 8111, ,s-i 8 1-4 1 1 a 1, iiaii 0 n ma 1 no 11 hll ' I 4 Tl j 3 llllj t 1 ft II an a 1 an, 811 aai a 1 nn'a 1 1 I tisi I I 8 1 :ii)-Sj ii I 11711 I :i I -H nn I'i 1 on ani-i 8ftl, 7. vu 11. 1 ft? 11 a 1(10 1 a ll -a I Ift Sj Jan Jin Jau Jau 1 .h Cel. Jan J.u Jan I .li j.m Jon I 'I. Feb Jau Jail Jan Jau Feb Feb .1,11 J.lll Jail Jin Jhii Jail Inn .Inn Jan J.111 Jau J.111 Jau Jan Feb Jill J.lll Jail -Ian I el. -Inn .1.111 Fell .1.111 .Lie -la 11 I lb Jail Jail Jin I eb Jau .1.111 I e.i I . I. I el. F b Jau Fib lib J.ill Jan I ill Jail I'i li Feb Jan Jan Feb Feb Feb Jan Jau Jan Feb I eh .Ian .Mil J.111 Feb Jin Jan Feb Feb Jan Fib Feb Jau l.ill Jan J.n Fib Jan Jan I I t I HI4 0!l 7.M. 1 nn 1 1 .'i'I'i 1 nn, 1 ftaa 1 n 1 3f I ft I) :j a an ii ii IS 1 ST-, I IHI s niaii 7 70 31 4 I I.' 10 I (I 17S a:iN 0 t 0 tlllls ll.) ft III 4 -t ft 1 4 llll ft I Is I I 8 I 'llllj :i aim 1 t 1 I ns 4 I ft I I n 1, I I HU t 1 a ; I III, ' a 1 J I nsia j 4" I 7ll I 117 lift I '.'His I lllll; I -I aiHi. ''lI'S 111 11 1 nnii .11 in 1 1 a 1 j ti 1 .-..I, 7 I M I 7 i 71111 17 8. Ms '.' 8 1 11 .' I I I U iii aftu 17 III) I) III.. -. 1 ami 7 7ft '( 71 I 1)41.. ?i 1 a Minn A St L pf.... M SI PASS M... M .Ml PA US il pf. MSPASS M ld I.. Mo Kan A Tex.... Mo Kan A Tpf.... Mo Pacific Monlana Power..., O.aft Monlana Power pf. MorrltA F.asex.... ft. 7. a National biscuit... ft.HJI National Illacult pf 4.00 Nalb .O.ASt. L... Nat Cloak A Suit.. tl.: 1 N Cloak A Hull pf 0.81 National Lead tLUU National Lead pf... Nat P. AS 7. HO Nat EA 8pf Nat My Mez 1 pf. Nat Ry McxJpf... O.S3 Nev Consul 0.03 N Y Air Drake 4.74 NY Central NY ChIA Ht L. ... 6.00 N Y Chi A MIL I pf NY ChiAStL3pf N Y Dry Dock NY Nil All N YOnt A West... Norfolk South 0.10 Norfolk A West.... 4.82 Norfolk A Meat pf. II. 00 No American Co... 0. 1 I) North Pacific Ontario Sliver Pabst brewing pf.. Pacific Mall 1-aclflcTclATel. . O.'I 8 I'ac Tel A Tel pf. .. 0.3 0 I'enna Kit 7.73 People Oaa Peoria A Eastern., . I'ettlbonc Mullkn,, 7.7 R Pcttlbone, Mullkn p 7.0(1 I'hfla Co Pitta C CA St I,... Ptt CCA StLpf.. PHI Coal of N J... 4.70 Pill Coal N J pf. . 7.4 0 PHI, Steel pf 1'res.ied Steel Car., (I.8:i Pressed Steel 41 pf.. ft. I 7 Pub Ser Cor N J... 4.0 I Pullman P Car Uulrksllier (julrksllier pf 7.8 4 Hay Con-ol ... ttwy Steel Sprlnr. , 7.07 HwyStlSprpf.... Ilepublle Slel .... fl.Urt Hepubllc Steel pf... O.I a needlnc 4.7 8 IteadlnaMpf. 4.8'J Heading 3 pf. Hock t1and lick Island pf . . . . Kumely Co it. ... Ilumcly Co et pf Seaboard Air Line.. Seaboard Air L pf . :i.fl 1 Sean-Hoebuck . , O.ftSI Sean-Koehuck pf . Slialluek r Cop Slos.-shenield. MtMs-sheffleld, p .. St LA San Fran... St LA fl F 1 pf . . . . St L A S F 3 pf ... St L Southwest St t. Southwest pf.. tl.O I South Paclfle. a. 4 8 so P Illeo urar. . , 7.4 8 So P Hlco im pf.., southern Kwy Solltlieen Kwy pf... n.4 1 stand MlllInK 0.O4 SI a ml Milling pf... 4.0 8 Slinl-baker 8.4 a iiu.i. baker pf. , lennes.ee Cop. .. t'etas Co IclMi Pacific . . . ihlrd ve lob Prod Corp pf, . 1 lol St L.t Vet . . Toi t L.t Wpf... I It.IJ I inln CH 1! T. j 4.7 ll t ndemnMt j 0..1H t'odert,,.') pf.. .. I --In Itaff A Paper In IUb it I'atM-r pf ft Oft t 111011 Pacini 4 8H t it I'.i.irV pr r.-il", t lllte I ClK tf 11.07 t'n ii Jit pf -- t'nllisl Clear Sloie. F11 (1st Stores pf .. t'n Dry (loodi .... I'll Ply (lofiris pf ft. 4 Fulled Frull . - I 11 llwy Inv tu Jtsy Inv pf . . V f Cat I Pipe . . 4.08 V S Cast I Ppf Fn Slate KP s . I! S Ind Alcohol il.llll t: t nd Ah- pr . . F S lllly.t Imp --Is ltd .t Kef Is llnl A Her pf F s Kiibber 7..V-' I' S KubtM-r I pf ft. 0 7 L S steel il.t) I I s steel pf 7.0ft t'lah Copper t'tall Securities - - :i Carolina I'll 7.4 I Vii-Car I'll pf . :i I C.t C uli-aii I letinnini; . - Virginia Hy.tPimrr Walil.sh VV alrish pf A . . . . Wabash pf n ... 4.811 Wells. Farvo Fa .. i.fta eslliu:lioii.e 4. lift Wi-sllnahouie 1 pf. VVi.t Martian 1 . VV Varlaiid pf West F11I011 i-l VVe)iniii-llriilon pf 'VHiccllns.t t, f. VVlin I, t I, F. I pf Wheel, I. F.3pr 88 Willis tittrlaiid W .t-ijilli I'llitral 530 II 7A itrst I 81 j :ilHi 0-1(1 17 :i7ts- 012 17 - Ir I U 1 niajheil. mo 0 ft'i fi'a .100 4I3 14 141 10X) Ola 44 fi tOO 741 7!1 711 - I 000 1 1 :ii 1 1 : 1 1 S00 HI Is S 1S 8 llg 100 13 Hi 121)2 13D2 -3 100 7l4 70)4 7014 100 liaia 1 laia l laii ISM 7 1 la 081 083, 100 1 1 0 110 lift JM0 Ra 30 3IIIJ- 100 07U 0713 07iaf 500 34 23)1 34 4 SOO 8' 7ia 7)3 ? 1 ota lai I1111 14100 103 143 140 -I3IM 10713 1043 1003,- 00.1 H4I 841j- S'JO IM 7110 300 14 7113 37 I 4 I17.--4 37 14 -08lj-37 - 540(1 I I 7I2 I I (Us II 71a 100 8 4-14 84:1 H4H4 Socl 7() 4 70 71) i.v 1 1 414 1 1 aia 1 1 11 - 3i73 HI 1 7a 14 313 I a ia 12 13 is I I'D ilia 1 3U I '4 l4 H 7H 310) I 0 I Oil I 0 23 777J 3313 100 170) i 0 7-18 ftOTg 104 loan ft71, 10 1 023 -141 70 t)23 4 13, 78 023 l2Jf 78- I IMF) 7)41; MO 33W I I di 1011 IU 0 4 ll itn 08 3K) I 0:1 3P0 I I 7 30 1041 :i - 1 l (Hi s 11:114 H4ii - oo ftiiia 10:1 10:1 117 117 1 ua-i, 1 o:Hi 1701 M 43001 300 SCO 13.100 l)J tn TOO S31 MH 131I If" a 71 a.Vs 1:1 08lj fl4-i I I I 7 Olt .t:ni 4 3 l 7 1 3 701 1 7iO I 71 :t8 1 80 30 I 37 fMV) .101 1 sio noli TOO 0 8 4:i) as, IViO 7I( 3l I II ItXI 4 4 IMV1 1 OO.s, M) 1 HA 300 I OU7s HI'lO 2 I I 1333 apia II,) 1I0' 43 a 1 "a -HHl 0 8 ft 3 1 I I (( 4 17, IHI I'i 's 1 11 1 078 :i7i, I 711 1 a 7 :in.'!i "' 7 Is lis f 1 111, I 11 t I DO 1 ii a ft.Si 7U -a .v; -1 1 - II8I ft a is 111 ' . Hlh 4 7h I I 3, -"I "I 1.1 I 117. - :i7i-i 170 137 :i83, - ft 7 Is -118 ftlj. 7I I n t t tur.s. I ii 1 - 13 31 'I a- M 1 'i Hi 3 I . aii 1 '4 I'- 1 ! I- " M it I uiiij l mils ail's an's ft8li im. 11.0:1 4.811 0.H7 1I.8.I COW I ft-tl2 I 441, 3)0 1 1 a 11 a S3170 ll I vim a 1 ma 7.-SJ ll I Oft IIM in .1 o , an ft'i ni.. ft I I'm I ni) P11 131 I II tlft7 I II lift 1 4 KM 1 I II 4 1 .''.li 8 I Sll ll Ills 5411 .100 10) '-)) ;.. o 1 1 1 V 5 733 ;) 111) I II I I. 3118 117 14 0 I lilt :i a 1 0 -III! 1 .. 511',) I ft III. 3.1) I OHI3 UiO 4 H 1 11.) a1! 3v aii :n) 0:1 70) 1 II7U .MVO 8 t"Si '.'.I) I I 7--S 811.1 1 Ills I 7 I I () of-S 71 . I :i'.ij S'J'l .III I, I'll I I I a n. nn 1 tft 1 ftii tin I Sis in., t 0 I ft 1 1 mu.. :i8:i, I'S ft8ll 11117, I I 111... -1 1 a ftSiij ail8la ftp. I lllll." ' I " l'ft.t - 1 .1:11, 1'1s 1 1 u ati7 llll -I I ". I nil :i a I Ms 1 iir 1.1 1 ft:i -1 inn.' 1 H 1 Hi U Hi Hi '1 .'Is .'li I'm.' .1 11. 1) ;i) 4 k) 1 ' I lllll, I Oil.' 8 a., s:i-,s 1 I llli 1 I 7 MHi sill,. I SI 4 ll.'t 1 III) ft4-. I S' 17 I 1 11 ft I-, O.K. 74M I ftU t ll-s 1 I s 77l)3 4 Hi 4 11 -III '1 1310 :.'8it an. aiis ifa 1 a ft 1 1 1 a-" 1 aft 3llfJ 118 lift!, llll.; -hoi a7s anis a 7 -s 1311 8111, 8 si .- s - 101 13!.. I .'!. 1 a 1 ni. a 1 h an-.i.. a i n 1.11 nn in 1 in Jan Jan Jan Jan Jan Jan Jan Jaa Jan Jan Feb Feb Jan Feb Jan Jan Feb Jan Jan Jan Feb Feb Jan Feb Jan Jan Jan Feb Jan I'eb Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Jan Jan Jan Jan Jan Jau F.b Jan Jan Jan Jan Jan Jau Jan Jan Fell Jan Jin Jan Feb Feb Jan Jau Feb I a 'I Jan J.m Jau J.in -tail .lull Jan Jan Jail Feb Fel. Jin Jail Jail Jail Jan -la 'I .Ian Jatl I ell Jan Jau Jau Jan Jau J1.1 Jit. -Ho Jan .li.'l I in I-.... Im .Im J.v. Jv, Ji 'I .1 Hll I'll. .!'! .IVI Jail .1,11 I'i I. Jan I eb Jau I'i I. J til Ji 'i Jill llll -Ian J.111 Jill I 1 Ii Jill Ji'i -Ian Ji'i Jin Jvi Fell I .ll Jau Jul Jail Jin .l.i'i Jail .l.lll Jill Jail -Ian Jill -lal Jau Jin -Ian Ian Jau -Ian .1.., -tall llll. u llwtW. Ffh t Jan Jan Jan Heb 11 Feb 1 Jan Feb 17 Feb Feb Jan Jan llll 10n Jan tKI1a Feb 120 m7 701a 71 Irll? Hf 781 i' 1 Hilt Jan 3 4 811 reb it 10 120 I 120 34 130 11 R 1 la I 1 l:i Id 7:i7 33 1 to 1 201 II OVIi II 24 It 01 Jan It IOI2 Jan 13 103lj II 1 I Ha II 4ft 0 1)3 0(1 1 ft 1 3 7779 :i 1 27 I 23-s, 8 83, 70 I I 87, I I3 8!l III It (llll Jan ft 1)3 Feb I I 17, HI ftft H31 -HI 83ia 0 8 '4 illl. '4 I I I I DDI I) ft Is t D47, I 7 1 7 Hi Hi S'l a..! I -Hi 1 nn ft.-. 1 4 1 1 1 s-ni -in., 4 1 "I 4 i :ni an 1 s HHl 1 s s ai 1 ft 3 Inl, w lao i 114 I 7A ei. 14 4 71 ion nn. J" ii laoi! Jaa I ISA J 54 180 lh I 74 -, 11 1 lOli Jan 3 Sfl:. 1112 I 22ii ti ea 7) K3I) 7I I 1A I 1 3 Bij II lorn, 34 41 II 31 3 31 31 74 31 If 31 31 II Jan Jan Jan Feb Jan Feb Jan Jan Jan Jan Feb Jan Jan Jan Jan Jan Feb Feb Jan Jan Feb ? Jan 31 I'eb 17 Jail .4 -Ian 31 .Inn .11 1 11 1 I t-b 11 i 1 H4I4 60 III or.t, am, 31 I 14', , MP I I II) 61 Hll II', :m Ulllj ft.V, mm, in on mr, 11 3fn .Im I rb Ian l.l. J.in l.n Jan -fan I'i h 17 I" I' II I 31 I '" I 11. I'I C 8 1 i ll I II I II I ft I11I1-) I 1'. 7 1 11 . a Us li I I llll 8 7 1, I 'I. I I .1 iliHi a :ift 1 1 11 1. 'i 1 ) 1. 1-1 I I M. IHilj Sll I I I". S'l Hll'l III)1! I I n 1 1 . '.'Us , I ' ; I -'."I. a 1 1 1 llll l '.' ft 11, I 7 I HI' I I I I Hi i I ft s ' : I I n i I I s... s'l 1 3 tu ft I iiaij t"i t si.. I T is., nai.. 1 11ft mu s 11 1 . 1 - ua 1 1 .. t 1 .. 1 a i." .1 s tall J.m Jan I eli I'.-li Jan Irb Jau Jan -Im Jan .1.1.1 llll I eb .Is tl I . '1 Ian -fan I ' J.i-i -I. J in 1 01 I . I. lie 1 I . '. I'. 1 J.n Jan .I...1 J.-.ii .1,11 I el. l.lll I. 'I .1 .'I I , I. -l.lll -llll I.. I J.n l. Jau l.'l I , I. -l.'l I . I' l.l. .1,1" I . '. .1.11 I . .. I ll llll I ..I. I . II la 1 I . I. 1 1 1 Jill Jin ft I I llll 1 1 '. I'.'l , I I a a 1 in 1 us l , I .1 I II- 1 1 a 1 Hi 'i 1 1 4 1 1 m I U'l s ill) , 1 i. llll. .' Il ' ft II. 1 1 "11 1 .'.p , 1 Ion I I I 01 I el. Jau Ici JaO I rl. .'ici J.n I .-'. Im l.n I e'l I I ll I ell 1 1 1. .1,11 J.lll Jail I . 1. Jaa J.01 la 1 .la , l.'l .1." I ' ' I - I. r I Ji- I'i 10' 1 I I t 1 .1 I 1 I I 1 a lte,.rl tif si,,,. Snlea, I. ail wee'i, 11 OOP 1)1111 .nro-. Same neck I in. I ll. 1 I . I till -hare.. Same iik 1311 l.ftan ',1111 shire- l.v div . lend till rjli s 1 Yields ' l're it'll. i ,-,.', 'ill I lo il 1 ' s.iiiic p. r'oil : -i . . -i.k- .1 C i. '.'S, 'l I lis. I I 1 Aluminum Co. of America J.K.Rice,Jr.&Co. li. .t.es .i" t . HUH .li.lin S'l Wi'lff , N. T American Brass Co. Am. Sumatra Tob. Co. Du Ponl-Hercules-Atlas Nilcs-Eement-Pond Com. Yale & Towne Lamarche & Coady Phone U970 Hcitoi. I W.ill-'. on Sftai.. 1 1 1) 7 41a 3D I tl', IHI ft .1 I "Pit I I ftil 1 a. 11.. 711 oftij I 3111.' ftft I Ol) 1113s tlftli 1UH1 f-.ll llll, .'nils 1 (I3I V Babcock & Wilcox t ! Union American Cigar FREDERIC H. HATCH & GO, Phone llnwd -lllll. I'r 1 ale lileph't't. 1 .! ll llroH.I si,, Neit York. lln.loii m l I'iilla l.-iph t .x.4--.x-:-X''X-x-x-:-:-x- Benjamin -'ranin j.- " If "u ht' x ifti tj i.vi.' .' ' !! u ctt, jeu Iwt t!tt r!: ' "' Trutec. for Pertonal TrUlU rillk Aneaa aa Setk (., NawTerk IM -Yen Si'lri,,',- schoiil In eiieueln. Venezuela is lo hue i s.-lninl , . 1 plleit'lll, lll.illlctll.lllc.il lllil mini i M li'I'I'i's. 1. mill IK o 11 le .'ill I'll II. ' I1UI1I ilci'lee in ' 10 1; 11 In (lliniil. I'll, now 1 1 to I sl.lhl l.i 11 III. 'lt ol 1 1 H ', .ind 'I ll ll.l U'c ir:icli';it mu U III llicsi . ,i-ii. . Mlil.ii wns ordered in a diii.e iseueil l.i' I NoM'iubei'. N'Y pfrjons il JY C b' 4 loinciiieiiic tn 1 1 ili'.s Company i'i-- r I lie e t, v i, ' r.-i'iiiicil I'i' t nc I ici'iiiv incut r-'j-'ulj i.'ii.s 111 n'"f 1 " orr.l if.'.cti . c (-'.nl i 4 r r -i ' V In sien v. ? .2. X wc t!i.r; D 4" iltl IlliS lui I tu', 5 - Franklin 7ruS? Company . fV. Op.. W a 1 ' I - ( if.!, l1111r,, ' s (li'i I ln) 1 ult. 1 s . ':"X,:'-M":"X"X:x:";',:':',!':''-' -I 'I